CandleFocus Polygon Slumps But Triggers Another Range Above $0.30
2024-11-02
Author: Content Editor
The price of Polygon's Ecosystem Token (POL) has dropped below the $0.35 support and is currently trading above the $0.30 support but below the moving averages. The bears are testing the current level, and if they succeed, the price could drop to $0.28. The 21-day and 50-day moving average lines indicate a downtrend. On the 4-hour chart, if the price falls below $0.30, selling pressure will continue, but if it breaks above the 21-day SMA, the uptrend may resume. This analysis is a personal opinion and not a recommendation to buy or sell.
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