The price of Polygon's Ecosystem Token (POL) has stabilized above the low of $0.33 but is facing resistance from the moving average lines. The altcoin has been trading in a sideways trend between $0.33 and $0.60 over the past month. If the altcoin breaks below the current support of $0.35, it may fall back to its low of $0.33. On the other hand, a breakout above the moving average lines could take the altcoin to its previous high of $0.60. Currently, POL is worth $0.379. The altcoin is trading in a bearish trend zone and is in the oversold zone. The support level of $0.33 will play a crucial role in determining the future trend.
- Content Editor ( coinidol.com )
- 2024-09-18
Polygon Stabilizes Above $0.35 As It Reaches Bearish Exhaustion