$POL – STRENGTHENING ABOVE MOVING AVERAGES
$POL (#Polygon ) has bounced from its recent low at $0.1865 and is now trading around $0.2016, marking a +6.8% intraday gain. The pair is trading above MA60 ($0.1948), indicating renewed buying interest after a prolonged decline.
✅Current Analysis:
Momentum is turning positive as the price holds above MA7 ($0.1969) and MA10 ($0.1947). Volume has increased, and RSI shows recovery from oversold territory, hinting at short-term bullish continuation. However, broader timeframes remain weak with the monthly trend still down nearly 20%. Bulls must defend $0.1950 and close above $0.2050 to confirm a breakout.
✨Trading Tips:
Support: $0.1940 / $0.1860
Resistance: $0.2050 / $0.2125
🌟Breakout scenario: Sustained move above $0.2050 can push prices toward $0.2200–$0.2350, signaling stronger bullish control.
🌟Sideways scenario: Consolidation between $0.1950–$0.2050 likely if volume drops, forming a short-term accumulation zone.
Breakdown scenario: Drop below $0.1940 may test $0.1860 again; failure there could lead to $0.1750.
🌟Best Entry / SL: Enter between $0.1960–$0.1990 with stop-loss at $0.1850.
🌟POL/USDT remains in early recovery with improving momentum. Sustaining above $0.2050 would confirm a trend shift toward bullish continuation.
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$POL ⬇️⬇️