- POL shows unexpected bullish signals, with analysts noting a potential market shift.
- Increased demand and volume suggest a growing positive sentiment towards the POL token.
- POL’s price surge above key resistance points points to further potential gains.
POL (ex-MATIC) has received a lot of attention recently as its price exhibits a bullish trend. In a post on X on Tuesday, The Wolf of All Streets, indicated that he was amazed by the POL rally. He stated that it is capturing a bid and giving buy signals, which suggests that the market is changing its sentiment towards the token.
The data show that POL has been declining for the past few months. Prices were kept suppressed by a key resistance line, and the token suffered its biggest falls. However, the price recently clipped above it and has been rising steadily; this can be taken as a signal of a bullish turnaround.
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Increased Volume Signals Growth
After this accumulation phase, the volume also increased, thus indicating that the demand for POL is beginning to grow. The breakout was recorded on April 21, when the POL increased from its previous levels of $0.20 to its current value of $0.2137, which may mark the beginning of an upward trend.
Furthermore, the volume bars at the lower part of the chart demonstrate a considerable rise in activity, especially after the breakout. Such high volumes are typically considered a sign of strong market conviction, and as such, they can point to further upward price movement.
Traders Eye $0.24 and Beyond if Rally Continues
With prices now positioned above key resistance levels, traders anticipate further gains for POL, potentially reaching the $0.24 range and beyond. The breakout indicates a new trend in investors’ sentiments, and many hope it will continue strong if buying pressure persists.
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Analysis and recent price action point to a potential bullish phase for POL. The breakout from the resistance level, accompanied by strong volume, clearly indicates that traders should remain alert for further upside movement. As of press time, POL is trading at $0.2137, up 9.89%, signaling the start of a fresh rally. If this momentum continues, POL could climb further and attract increased investor attention in the coming weeks.
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