According to a price analysis by Coinidol.com, Polygon's Ecosystem Token (POL) is facing selling pressure after being stopped by resistance at $0.50. The cryptocurrency has been trading sideways above the $0.45 support but below the 50-day SMA resistance since December 19. If it breaks the resistance and support levels, the cryptocurrency will trend. Currently, POL is slipping towards the critical support of $0.45 and may drop to $0.41. If the downtrend continues, the expected price is $0.27. The altcoin is currently worth $0.466 and is on a downward trend. There are resistance levels at $1.20, $1.30, $1.40, and support levels at $0.60, $0.40, $0.30. However, this analysis and forecast are personal opinions and should not be taken as investment advice.



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