Polygon Ecosystem Token (POL) value has been buying and selling between $0.52 and under the shifting common traces since June 18. Cryptocurrency value evaluation introduced by Coinidol.com.
Polygon Ecosystem Token value long run prediction: bearish
Doji candlesticks have led to modest value actions over the previous two weeks. Immediately, POL has fallen to its present assist of $0.52. After the latest dip, the value of the cryptocurrency stays above its present assist stage. In keeping with the value indication, Polygon is anticipated to proceed its downtrend. The present assist has been damaged and the altcoin has reached a low of $0.51.
Polygon Ecosystem Token indicator evaluation
On July 2, the value of the cryptocurrency rallied earlier than being rejected by the 21-day shifting common line. This has triggered the altcoin to come back underneath promoting stress once more. The slide will proceed if the altcoin loses its present assist of $0.52. Polygon will resume its constructive pattern if consumers preserve the value above the 21- and 50-day SMAs.
Technical indicators
Resistance ranges: $1.20, $1.30, $1.40
Help ranges: $0.60, $0.40, $0.30
What’s the subsequent transfer for Polygon Ecosystem Token?
On the 4-hour chart, altcoin has dropped to its earlier low of $0.52. The value vary of $0.54 to $0.58 was damaged because the altcoin got here underneath promoting stress. POL rapidly fell to a low of $0.50 earlier than recovering. The altcoin is falling modestly, signaling the beginning of a unfavourable pattern.
Disclaimer. This evaluation and forecast are the non-public opinions of the creator and are not a advice to purchase or promote cryptocurrency and mustn’t be considered as an endorsement by CoinIdol.com. Readers ought to do their analysis earlier than investing in funds.