Polygon price analysis

#Polygon soared above the overhead resistance of $0.73 on July 10, completing a bullish ascending triangle pattern.

The bulls have maintained the price above the breakout level but they are facing stiff resistance from the bears at higher levels. If bulls sustain the price above $0.72, the MATIC/USDT pair could start a new uptrend to the pattern target of $0.94.

Conversely, if bears yank the price below $0.72, it may trap some aggressive bulls. The pair could then fall to the uptrend line, which is an important level to keep an eye on. If this support cracks, the pair could start a downward move to $0.60.

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