The upward movement is no longer bullishly intact as the Polygon price bearishly broke the Golden Ratio support at around 0.76 USD. Subsequently, the Polygon price returned close to the horizontal support at around 0.5 USD, bounced off it very strongly and was able to close above the 50-month EMA at around 0.645 USD in the same month.
Thus, July has been rather bullish for the Polygon price so far. Polygon could now continue the upward movement. The MACD histogram, on the other hand, is now ticking bearishly lower for the third month in a row and the MACD lines are also bearishly crossed, while the RSI is neutral.
