Cena Polygon (prev. MATIC)POL

🔥 $POL Is now testing our resistance at $0.24 on the 1 hour time frame if it break and close above here could push all the way towards $0.25 with key support still sitting at $0.22📈 With this momentum do you think we will reach higher targets today?💸

t🔥 $POL Has found Its way towards a resistant zone at $0.24 with key support now sitting at a $0.22 it's currently trading between trend lines as highlighted 💸 A test on support first or a break of resistance what's your take? 📈

The ongoing downfall in polygon coin price has stopped at a multiple-month support level of $0.763. Previously this support has initiated some strong rallies.❣️ However, considering the overall market sentiment is still negative, the Polygon coin price will likely breach the $0.763 support. This possible breakdown may hint at a deeper correction which could plummet the prices 13.5% down to the $0.69 mark.❣️❣️$POL

POL is facing a critical test as it trades below major moving averages — the 100-day EMA at $0.2408, the 50-day EMA at $0.2439, and the 200-day EMA at $0.2578. Until these levels are reclaimed as solid support, the recovery momentum that emerged last week could begin to fade. The RSI reading at 47–48 has started to show signs of weakness, signaling that bullish momentum is losing traction. This softening momentum, combined with potential profit-taking, raises the risk of a pullback toward immediate support at $0.23, and possibly a deeper dip to the demand zone near $0.2104. For a sustained bullish reversal, bulls need to clear the stacked resistance from the 50-day, 100-day, and 200-day EMAs. A successful breakout could shift sentiment, with upside targets at $0.2963 (September high) and $0.3344 (February peak). Overall, POL is at a pivotal point: reclaiming the moving averages could reset the trend, while rejection risks extending the September correction. $POL