Polygon (POL) demonstrates signs of short-term strength after bouncing from a support level. This article reviews the current price levels and future predictions.
Current Polygon Situation
Polygon has shown resilience after bouncing from the $0.1970–$0.2000 support zone, gaining 0.75% to trade at $0.2162 and reclaiming the 0.786 Fibonacci level at $0.2146.
Technical Analysis and Forecast
Current indicators support the bulls, with the 4-hour RSI rising to 60.34. A bullish crossover in MACD shows strengthening momentum. Resistance is between $0.2127 and $0.2251, critical for trend continuation. If bulls close above $0.2251, the next upward levels are at $0.2369 and resistance at $0.2440–$0.2480.
Queries and Conclusions
Polygon has shown improvement after a downturn, now facing a key resistance level at $0.2251. To confirm further gains, the price must remain above $0.2150. Dropping below $0.2108 may lead to a decrease in price.
Current market conditions and trading volumes will be crucial for Polygon's future. Despite the recent recovery, further price movements are important.
