Technical analysis on the $POL/USDT perp trading pair:
The chart shows that Polygon (POL) has been trending upwards against USDT over the recent periods. The coin has moved higher from its lower range over the past week, as indicated by the upward green arrows. This rise suggests that buyers have been outpacing sellers, pushing the price higher.
Currently, the price is close to the 24-hour high at 0.4074, showing the strength of buyers who are driving Polygon toward key resistance levels. The volume metrics are also strong, with over 23 million POL tokens traded, along with 9.42 million USDT in volume. Higher trading volumes often confirm the ongoing price trend and reflect more confidence in the current upward movement.
Technically, as long as Polygon stays above the previous swing low of 0.3947, the short-term uptrend is likely to continue. Investors will be watching to see if the price breaks above the 24-hour high of 0.4086. If buyers keep control, there could be a retest of the main resistance at 0.42.
In summary, the price action and technical indicators are showing bullish signals for Polygon in the short term. The upward price trend appears to be confirmed by the price behavior and volume data visible in the chart.#Write2Earn! #Polygone #Write2Earn! #Poladot #Write2Earn!
