POL (ex-MATIC) Price Prediction: POL/USDT Hovers Above $0.2900
Estimated Reading Time: 2 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
POL (ex-MATIC) Price Prediction (February 22):
The price action in the POL (ex-MATIC) daily market still suggests vulnerability. Price fell below key technical indicators in mid-January and has remained below this threshold for over a month.
POL/USDT Long-Term Trend: Bearish (Daily Chart)
Key Price Levels:
Resistance: $0.3000, $0.4000, $0.5000
Support: $0.2500, $0.2000, $0.1500
The latest price candle on this chart is green but appears slightly compressed downward. Additionally, it remains below all the Moving Average (MA) lines. Furthermore, the Stochastic Relative Strength Index (RSI) lines continue moving slightly downward toward the 50 mark. However, the $0.2900 support level remains strong.
POL (ex-MATIC) Price Prediction: The $0.2900 Price Holds Steady in the POL/USDT Market
For about nineteen sessions, trading activity in the POL (ex-MATIC) market has been concentrated just above the $0.2900 price level, which has largely held firm. This suggests that price action may have established a strong base. However, price activity remains below all the MA lines, indicating that bearish pressure persists.
Similarly, the Stochastic RSI lines continue trending downward, though their terminals are slightly turning as they approach the 50 threshold. This technical movement suggests that bullish forces are attempting to defend the established support level.
POL (ex-MATIC) Price Prediction: POL/USDT Bulls Stay Under Pressure (4-Hour Chart)
On the 4-hour chart, price action has made minor gains over the past two sessions. However, the most recent price candle appears contracted and remains below all the MA curves. Although this candle is green, it looks compressed. Meanwhile, the Stochastic RSI lines have just formed a bullish crossover below the 40 mark but above the 20 level.
It should be noted that the 50-day and 100-day MA lines are aligning above recent price action, creating resistance that limits upward progress. Consequently, even if the price continues retracing upward, it may face rejection near the $0.3000 level.
