POL (formerly MATIC) has seen notable price changes recently. Over the past week, its price increased by 2.46%, showing a slight upward trend. Over the past month, it has declined by 7.55%, suggesting short-term bearish sentiment. However, over the past six months, it has jumped 21.67%, indicating strong growth in the medium term.
Currently trading between $0.40 and $0.51, POL faces a resistance level at $0.56. If it exceeds, the next target is $0.67. Support levels are on the downside at $0.35 and $0.24. The 10-day and 100-day simple moving averages are close at $0.47 and $0.48, showing price consolidation.
The RSI stands at 47.93, close to neutral, which implies neither overbought nor oversold conditions. The stochastic indicator is 53.38, also neutral. The MACD level is slightly negative at -0.0014, indicating minimal bearish momentum. Based on these indicators, POL price could continue to consolidate. A move above $0.56 could signal further gains, while a drop below $0.35 could lead to a decline.
