CandleFocus POL Holds Steady at September Low, Bullish Momentum Builds
2024-10-11
Author: Content Editor
Polygon (POL) has had a turbulent journey since December 2021, experiencing significant price swings and a tough correction. However, recent price action and analysis suggest that POL could be on the verge of a bullish trend. The $0.36 mark serves as a crucial threshold, and the recent low of $0.35 on September 6 may indicate the end of the corrective phase. Recent lows formed a double bottom pattern, reinforcing a critical support zone. While caution is advised, if a higher low is established in the next retracement, it could confirm a bullish outlook. Potential near-term targets include $0.70, with even greater gains expected by the end of 2024. Traders should proceed with caution.
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