📉 Polygon $POL Analysis: Critical Update

Hey Binance Fam,

Let’s dive into what’s happening with Polygon POL (formerly MATIC), currently trading at $0.44. Here's the latest breakdown 👇:

Current Stats

đŸ”č Price: $0.44

đŸ”č Resistance: $0.45 (Key Level)

đŸ”č Support Levels:

Mini Support: $0.41

Major Support: $0.30

What’s Happening?

🔾 Last week, POL hit $0.52 but failed to break higher, reversing back below $0.45.

🔾 Two consecutive red candles below $0.45 confirm bearish momentum.

What to Watch For

⚠ Bearish Risks:

If $0.41 fails to hold, the price could drop to $0.30.

Momentum is against the bulls unless POL reclaims $0.45 soon.

✹ Bullish Potential:

A bounce from $0.41 or even $0.30 could set up a double-bottom pattern, sparking a reversal.

For now, reclaiming $0.45 is critical for any bullish recovery.

Final Thoughts

Polygon’s current price action is testing patience, but such dips can present opportunities. Let’s see if $0.41 holds or if a deeper correction is on the cards.

💬 Share your thoughts or questions below—let’s navigate this together! As always, DYOR (Do Your Own Research) before investing.

đŸ”„ Stay tuned for daily updates. Hit that follow button, and let’s grow together!

#Binance #Crypto #POL #Polygon