Polygon (POL) has more attention in the encryption community after leaving a long declining direction. Technical signals are now hinting to a potential movement up, and with bitcoin stuck in a narrow range, traders convert their concentration to Altcoins like POL to work possible in the short term.
Lucky, which has more than 2 million on X, posted a scheme to show the current POL setting. In a tweet, he pointed out that the distinctive symbol sits in a accumulation area and has just exploded from a falling wedge, a pattern often seen before the upscale reflection. Based on this setting, it is believed that the price of Polygon can reach 3X its current price by May.
The collapse of the polygamy prices follows the prolonged correction
Polly Chart shows that the distinctive symbol reached its climax about $ 0.75 in December 2024. After reaching its peak, the price began to a steady decrease, which led to a decrease in the wedge pattern that continued until mid -March 2025.
Technical indicators show a clear outbreak over the string resistance line, which usually indicates a possible reflection of the direction. Analysts often see this preparation as a basis for a new upward stage. The penetration was accompanied by the formation of a closer bottom, which is the price structure that generally precedes the bullish momentum.
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Pol
After completing, many price levels are closely monitored. The immediate resistance is located around the range of $ 0.30 to $ 0.35. If the distinctive symbol maintains its upward path, the following key area is between $ 0.48 and $ 0.50. The previous height of $ 0.75 remains a long -term goal, pending the confirmation of the continuous bullish momentum.
The accumulated area is about $ 0.22 to $ 0.26, a major support zone. This region shows the stability of prices and potential accumulation activity, which often precedes the upscale collapses in technical trading settings.
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The pustula artistic structure supports the budget bias
The falling wedge on the graph is characterized by two lines close to the bottom, they refer to the reduction of market fluctuations. Within this style, the Polygon price has decreased continuously, forming a series of gradually low peaks and basins. This behavior was eventually crowned the price in mid -March.
Although the size of the size is not width, the decreases of the falling spoiler usually occur with a high trading activity. This would be in line with the upscale settings that often follow these configurations. The analyst emphasized the “attractive risks/reward” provided at the current levels, with the support of the lower round structure and the confirmation of penetration.
Lucky tweet increased interest in Paul’s technical preparation. As the broader market remains uncertain, Altcoins shows the structural reflection patterns that acquire more attention from merchants. The graph, along with general analysis, Paul price as a possible candidate To continue the upward trend in the coming weeks.
Since the price is still near the post -seizure area, traders and analysts continue to monitor POL to check the continuous move towards higher resistance levels.
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