Polygon Approaching Breakout Zone

$POL is attracting attention as analysts are expecting a breakout that could impact its price. Venturefounder, another market analyst, said POL could rise 10-20 times if it breaks above $0.85.

However, the token is currently trading around $0.7460 as it consolidates within a symmetrical triangle pattern that has been forming since early 2022.

This pattern, along with the support of the 200-week moving average near $0.30, could mean that a turning point is approaching. If the bullish trend occurs, Fibonacci retracement levels would point to upside targets of $4.25, $7.92, and $19.24.

However, a drop below $0.30 could change that outlook, so it's important to monitor key support and resistance levels.$XRP $XLM