Polygon Rises Steadily Above $0.20

By: bitcoin ethereum news|2025/05/08 19:45:02
0
Share
copy
The price recovery of Polygon’s Ecosystem Token (POL) has failed due to selling pressure as it peaked at $0.265. Polygon Ecosystem Token price long-term prediction: bearish On April 8, the altcoin rose above the $0.161 support and moving average lines, as Coinidol..com wrote before. However, the inability of buyers to sustain the bullish momentum above the $0.26 peak led to a decline. POL is now above the 50-day SMA support but below the 21-day SMA. If the bears break below the 50-day SMA, Polygon will drop to the lowest price of $0.161. On the other hand, if the cryptocurrency breaks through the 21-day SMA barrier, it will rise again. After the rise, the altcoin will retest the resistance level at $0.26. POL is currently trading at $0.216. Polygon Ecosystem Token indicator analysis The moving average lines are horizontal at the bottom of the chart. It is possible for the cryptocurrency to move in a range as the price bars are located between the moving average lines. Technical Indicators Resistance Levels: $1.20, $1.30, $1.40 Support Levels: $0.60, $0.40, $0.30 What is the next move for the Polygon Ecosystem Token? Polygon is on the rise. The price of cryptocurrencies needs to break above the 21-day SMA to return to its uptrend on the daily chart. The sideways movement will continue if the altcoin encounters rejection at the 21-day SMA and the 50-day SMA support. In the meantime, the POL price is steadily rising. Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds. Source: https://coinidol.com/polygon-rises-steadily/

You may also like

Tiger Research: What AI services do cryptocurrency companies offer?

Cryptocurrency giants like Binance and Coinbase have fully launched an AI defense battle: Driven by FOMO sentiment, leading platforms are accelerating the deep integration of AI agents into core businesses such as trading, security, and payments.

The war not only drives up oil prices but also causes Circle's stock price to soar

High interest rate expectations combined with the explosive growth of stablecoin infrastructure have led to Circle's stock price doubling in five weeks against the trend: Understanding the dual game of "macro interest rate trading" and "global payment foundation" behind the surge in one article.

When agents become consumers, who will rewrite the underlying logic of internet commerce?

Thirty years ago, due to the high cost of micropayments, the internet had no choice but to adopt an advertising model. Today, the technical threshold for micropayments is nearly zero, but trust has become the most expensive luxury. Whoever can bridge this gap will dominate the next generation of int...

AI Agents in Action Summit: March 31, Hong Kong Cyberport, focusing on the deep waters of AI implementation

Tomorrow, Hong Kong Cyberport will grandly open. The "AI Agents in Action" summit gathers top experts, directly addressing the real evolution of AI Agents from conceptual celebration to productization and large-scale commercial implementation.

29 Days In, What Are America’s Options on Iran?

The key is not in ground invasion but in the combination of striking capability and governance.

Flash Crash Down 97%+ with Ongoing Unlocking, WLD Completes $65 Million Off-chain Funding: Who Is Still Buying?

In the current deep bear market environment, being able to complete multi-million dollar token trades is quite rare.

Popular coins

Latest Crypto News

Read more