Polygon Ecosystem Token Price Analysis and Prediction
The current support level for Polygon’s Ecosystem Token (POL) has been broken by downside momentum, reaching a low of $0.62. The cryptocurrency’s price analysis indicates a bearish outlook. Here’s what you need to know:
Ecosystem Token Indicator Analysis
The POL token is currently below the moving average lines, signaling a downturn. On June 6, the price briefly surged above the moving average lines before dropping back to $0.73. Subsequent selling pressure pushed the price below the moving average lines, with a potential drop to $0.59. The current value of POL stands at $0.61.
Technical Indicators
- Resistance levels: $1.20, $1.30, $1.40
- Support levels: $0.60, $0.40, $0.30
Future Outlook for Polygon Ecosystem Token
Polygon’s token is currently in a downtrend, approaching the previous low of $0.59. Recent price action saw the altcoin bouncing off this support level, reaching a high of $0.75 before entering a sideways trend. Breaking the resistance at $0.75 could signal a reversal in the trend, potentially leading to a rise to $1.00.
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