$POL

🚨 POL/USDT

Price: $0.2188 🔻 –2.67%

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🧠 Brief Narrative & Structure

POL is Polygon’s upgraded native token (formerly MATIC), powering gas operations and staking on the Ethereum layer‑2 network AggLayer. Recent market action shows higher lows forming above $0.200, with on-chain whales accumulating off-exchange while volume remains steady (~$180M) .

CoinDesk notes a recent 9% intraday spike from ~$0.206 to ~$0.225 before profit-taking emerged, highlighting resistance at $0.218–$0.234 levels .

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📊 Support & Resistance

Support: ~$0.2008–$0.207

Resistance: ~$0.218–$0.234, breakout path toward $0.25–$0.29–$0.50 if momentum continues .

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Trade Ideas

• Long bias:

    Entry: $0.209 – $0.212

    SL: ~$0.205

    TP1: $0.223 – $0.227, TP2: $0.245 – $0.260

• Momentum long: (on sustained breakout > $0.223)

    Entry: > $0.223

    SL: ~$0.220

    TP: $0.260 – $0.300+

• Short bias (if rejection at $0.223 – $0.227):

    Entry: ~$0.225

    SL: ~$0.229

    TP: first down to support zone $0.207 – $0.210

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🎯 Sentiment: Neutral–Cautious Bullish

Holding above $0.20 is structurally supportive, yet price struggles to clear resistance near $0.23. Confirmation beyond $0.234 with volume would unlock stronger upside. Failure to hold above $0.205 may revert to neutral or slight bearish conditions.

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💡 Bottom Line

POL shows early signs of bullish continuation, but confirmation above resistance zones is critical. Stay alert around $0.23–$0.24 breakout level for directional shift.

#POL_USDT #PolygonToken #Layer2Analysis