$POL is currently trading at $0.3716, with a slight increase of 0.81% over the last 24 hours. The price recently encountered resistance at $0.3734, which is a crucial level to monitor for potential breakouts. The recent low of $0.3609 indicates a solid support area where buying interest has emerged. š
The trading volume stands at 41.92 million $POL , reflecting a healthy level of market activity. The MACD is showing signs of a bullish trend, suggesting positive momentum. However, as the price approaches the resistance level, traders should be prepared for possible pullbacks if the upward momentum falters. š
On the 15-minute chart, $POL appears to be consolidating after its recent gains. For the bullish outlook to remain intact, it's essential for the price to stay above the support level at $0.3702. A drop below this could lead to a retest of the lower support around $0.3663, increasing volatility in the market. š
In summary, POLās technical analysis points to cautious optimism, with potential for further gains if key resistance levels are broken. Staying alert to market developments will be crucial for effectively managing any price fluctuations ahead. š