$POLYX /USDT Technical Update - Consolidating Near Resistance

Current Price: $0.2857 (-1.69%)

Key Highlights:

24H High: $0.2956

24H Low: $0.2731

Volume: 24.38M POLYX

Technical Overview:

$POLYX/USDT is showing signs of consolidation after a recovery from its 24H low of $0.2731. The price is trading above the 25 EMA ($0.2820) and approaching the 99 EMA ($0.2833), indicating an attempt to regain bullish momentum.

Support Levels: $0.2800 | $0.2730

Resistance Levels: $0.2900 | $0.2950

What’s Next?

A successful breakout above $0.2900 could lead to a retest of $0.2950 and potentially higher levels. Failure to hold above $0.2800 may result in a retest of the $0.2730 support.

Strategy:

Consider entries near $0.2830-$0.2860 with targets at $0.2900 and $0.2950. Use a stop-loss at $0.2750 to limit downside risk.

Observation:

The price action indicates growing bullish interest, but a confirmed move above $0.2900 with volume is needed to validate a breakout.

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