The Polygon Ecosystem Token (POL) has dropped to $0.277, reaching the expected price level according to the 2.0 Fibonacci expansion. The altcoin initially fell to $0.244 but has since recovered. It appears unlikely that the cryptocurrency will fall further as selling pressure has stopped and it remains above the support level of $0.28. If POL breaks above the moving average lines, it is expected to resume its uptrend. The current value of POL stands at $0.32. The altcoin is now trading below the moving average lines on the 4-hour chart but above the support of $0.28. The resistance at $0.34 has rejected an upside correction, leading to a retreat in crypto price. If the support at $0.28 holds, a range-bound move may continue. It is important for readers to conduct their own research before investing in funds, as this analysis and forecast represent the personal opinion of the author and should not be viewed as a recommendation or endorsement by Coin Idol.



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