Polygon (POL) at an important point on the graph now. The price tests the key resistance line, which can determine the next direction. According to the world of analysts of the plans, the penetration can lead to a strong medium gathering, and may double the current price.
At the time of writing this report, the price of Pol is about $ 0.2235. Since December 2024, it has been moving in a declining direction. This trend formed a channel, with low prices low and low over time. The top of this channel is the main resistance level, and now, urine presses it.
This is a critical moment. If the price is broken over this direction line, this may be the first sign that the declining direction ends. But so far, the hack has not yet occurred. The price is still testing this level, and traders are waiting for a clear step before it is called the opposite.
Buyers built a strong base first
Before reaching this resistance, POL is trading sideways between $ 0.19 and $ 0.21. I remained in this range for a few weeks, which helped build a base. This type of movement is often called monotheism or accumulation. This means that the sellers were losing energy while buyers began to intervene.
Plans He pointed out that this area can now support a greater step. If the price broke out, this base may be a launch point for a new upper arrangement.
What happens if the price broke out?
If Pol is able to break the resistance line in a strong size, the next goal may range between $ 0.36 and $ 0.38. This will be a big step, more than twice the price of its lowest level in April, which was about $ 0.17.
World of Charts expects that the price may decline slightly after its outbreak, then it continues. This is a common pattern. The small decline after collapse often helps confirm the new direction before picking up again.
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In a tweet, the plans scientist said that Paul is tested The direction is going down They expect outbreaks, with a possible 2X move in the middle of the period. It is important to understand that this is an expectation, not a guarantee. The hack has not yet occurred.
However, the preparation appears strong. If the price is moving higher than this resistance level, this may lead to a sharp gathering. Until then, it’s a waiting game. Merchants closely monitor the plans, and ready to act if POL confirmed the penetration.
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