Polygon (Pol) ecosystem token has recovered from the moment of price falling on February 3 and consolidated above a low level of $ 0.28.
Polygon ecosystem price. Long -term forecast:
Polygon (Pol) ecosystem token has recovered from the moment of price falling on February 3 and consolidated above a low level of $ 0.28, according to Coinidol.com. The entrance trend was stopped as a result of resistance at 0.32 US dollars or a sliding medium lines. The price action is staggered by the presence of the candlesticks of Dodzhi. The landfill reached a bear exhaust when it is traded at the bottom of the diagram. A break above the 21-day SMA resistance will signal the renewal of the ascending trend. The bull impulse will continue until the maximum of the 50-day barrier SMA.
On the other hand, the descending trend will resume after a violation of support in the amount of 0.28 dollars. The floor will re -check the previous minimum of 0.244 dollars. At the time of writing, the Altcoin is estimated at $ 0.292.
Analysis of the tone indicators of the ecosystem of the polygon
Doji Candlesticks accepted the command, since the price action consolidates above current support. Duji candlesticks represent decisions that traders make regarding the direction of the market. The lateral trend is indicated by horizontal lines of the sliding average on both graphs.
Technical indicators
Resistance levels: $ 1.20, $ 1.30, US dollars, $ 1.40
Support levels: $ 0.60, $ 0.40, US dollars, $ 030
What is the next step for the ecosystem token token?
The lateral trend has preserved a horizontal polygon. The market direction is unclear for traders. The cryptocurrency asset will have a breakthrough if it continues to repeat the 21-day SMA.
Nevertheless, further decline is unlikely, since the price of the landfill has already fallen to the lowest point.
Refusal of responsibility. This analysis and forecast are the personal opinion of the author. They are not a recommendation to buy or sell cryptocurrency and should not be considered as approval of Coinidol.com. Readers must conduct a study before investing in the funds.
