$POL now 🔥 on the brink:
• Price: $0.20 - 0.21, consolidating after falling from $0.24.
• Support: $0.20 - key level! Break down → road to $0.18 - 0.19.
• Resistance: $0.22 - 0.23, and then $0.24 - the top of the recent range.
• Indicators: RSI closer to oversold → potential for a bounce. EMA50 pressing from above, but a breakout will solidify the upward trend.
• Pattern: on the daily chart, a double bottom is visible + golden cross - a strong hint at a bullish reversal.
• On-chain: whales are accumulating, reserves on exchanges are decreasing → selling pressure is diminishing.
⚡ Scenarios
• Bullish: break $0.22 and hold → target $0.24, then $0.26+.
• Bearish: drop below $0.20 → test $0.18 - 0.19, stop hunting.
• Neutral: continue range 0.20 - 0.22, until the market decides the direction.
🎯 What a trader should do:
• Keep stops below $0.195.
• On breakout of $0.22 - add to position.
• Monitor whale activity and volumes: they can push the price.
Conclusion: the market is preparing for an impulse, the only question is where. Don't miss the moment 🚀