It has been some time since it has made the price of the polygon on the list of the best winners for encryption. But with a move today by 7 % today, pee Suddenly returns in the spotlight. The pump caused new and analyzed attention Plans Share a new look at the short term that indicates more upward trend.
According to his position, Paul only has Fracture of the style of science ascendingThe preparation that often appears after the high price and indicates the continuation of the upward trend. In this case, the penetration occurred about $ 0.22, and the analyst believes that it may lead to a significant transition to 0.50 dollars In the coming weeks.
He displays a clean brown plan with a measured step targeting at least $ 0.41. This will be close to 80 % of the penetration level. But tweets go further, which means that $ 0.50 is a possible goal that is realistic if the momentum continues.
Looking at the graph closely, Paul spent months of moving from the inside Discounting channel. This type of preparation, which is often called a wedge or a concessional channel, reflects a pressure market but is slowly built towards collapse.
This declining trend was finally broken in April, when the price emerged over the top of the channel. Next, Paul moved sideways and shape a smaller pattern of science down. These flags are usually optimistic that they represent a short stop in the upward direction before the highest leg. Today’s eruption confirms that buyers have returned to control, at least at the present time.
However, we need to remain realistic. From the current price around it 0.23 dollarsto hit 0.50 dollars It means more than weakness in value. This type of movement usually needs a strong market momentum. At the present time, the broader encryption market has been mixed, and we are heading to it JulyAnd it is often a slower month for trading.
It takes many merchants, the size decreases, and the prices tend to move sideways unless there is a large news stimulus. Therefore, although preparing the polygon scheme seems clean and technical steadily, reaching $ 0.50 may take more than just the outbreak of a pattern – it is possible that it requires new novels or strong altcoin flows or a batch in the market wider.
However, Polygon is a well -known project with a solid ecosystem. If the encryption feelings turn to climb again, Paul may be one of the distinctive symbols that benefit early. Currently, although the $ 0.30 region will be a major test.
It was a resistance earlier this year and this step was slowed before any more goals in play.
In short, the penetration today is a positive sign. It indicates that the declining trend has ended and that buyers are back. Whether that leads to $ 0.50 or not depends on what the market does after that. But for the first time in a while, Paul shows real momentum – this is something that merchants have not seen for months.
Also read: Ripple (XRP) vs Hedra (HBAR): which has more bullish capabilities in this bull run?
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