🛡️📈 $POL forms a strong bottom – Is the rally starting?
Current price: $0.2474 (+4.43%)
Polygon (POL) shows a clear bottom structure on the daily timeframe, with accumulation signals at the lower levels, enhancing the likelihood of a forthcoming bullish breakout.
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🔍 Technical Analysis:
- Strong support: $0.232 – $0.24
- Nearby resistance: $0.255 – $0.263
- RSI at 62 = Positive upward momentum
- Trading volume is increasing, and market sentiment is turning positive
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⚠️ Potential Risks:
- If buyers fail to absorb selling pressure, we may see a correction towards $0.207
- The market remains volatile, and risk management is essential before entering
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