Polygon Ecosystem Token Price Update 📈
The price of Polygon’s Ecosystem Token (POL) has entered a rangebound phase, failing to break through the $0.60 resistance level. Let’s take a closer look at the current situation and what the future might hold for this altcoin.
Polygon Ecosystem Token Price Forecast 📊
After facing rejection at the recent peak, the value of this cryptocurrency is on a decline. Experts predict that it might drop back to the $0.38 support before bouncing back. The signal points towards a fall in price, but a rebound above the $0.40 mark is expected.
Polygon Ecosystem Token Analysis 📉
Let’s delve into the technical indicators and analysis for Polygon’s Ecosystem Token:
Technical Indicators:
- Resistance Levels: $1.20, $1.30, $1.40
- Support Levels: $0.60, $0.40, $0.30
What’s Next for Polygon Ecosystem Token? 🚀
The altcoin seems to have exhausted its bearish trend and is gearing up for an uptrend. As it fluctuates between $0.38 and $0.60, the key support level to keep an eye on is $0.40. If this support holds, we can expect the uptrend to continue.
On August 21, Polygon saw a correction upwards to $0.60, but buyers failed to maintain the positive momentum above the recent high. This scenario indicates a crucial turning point for POL.
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