This analysis explores the current price position of the cryptocurrency Polygon (POL) and potential levels for significant market movements.
Key POL Price Levels
Analyst BlockchainBaller presented a chart showing that the price of POL has tested a support level around $0.268, repeatedly checking its stability. It is believed that the more often a resistance level is tested, the weaker it becomes. Traders are focused on whether POL can surpass this level.
Market Strategies and Trends
As BlockchainBaller explains, the liquidity grab was not merely a short-term spike, but rather a signal that larger players are preparing to take positions. If the price remains above fair value levels, it will create a foundation for further growth. The strategy is based on the analogy of a staircase, where each support represents a new step.
Market Situation and Potential Price Direction
According to the chart, if the bulls can secure a daily close above $0.268, it could open the path to $0.2798 and even $0.3105. While many altcoins are in sideways movement, POL shows signs of structure and direction, attracting traders' attention.
In the current conditions, the Polygon (POL) market demonstrates interesting growth opportunities. The upcoming price movement will depend on whether buyers can maintain support levels and break through key resistances.
