Polygon Ecosystem Token (POL) Drops to New Low: What’s
Next?
Polygon’s POL token (formerly MATIC) has seen a sharp drop,
breaking below $0.35 and reaching $0.30. This downtrend shows potential for further decline if sellers continue to dominate.
Price and Technical Outlook
Currently trading at $0.31, POL remains below key moving
averages, pointing to bearish momentum. Support is at $0.28 if
selling pressure holds. On the 4-hour chart, a break below $0.30 could accelerate this trend, while a move above the 21-day SMA may spark a recovery.
Key Levels
Resistance: $1.20, $1.30, $1.40
Support: $0.60, $0.40, $0.30
Indecisive doji candlesticks reflect trader caution as the market waits for POL’s next move.
