POL/USDT Preparing for a Major Breakout?📊 Chart Overview:
POL/USDT is currently showing signs of a potential trend reversal after months of sustained bearish momentum. The price is now testing a long-term descending trendline that has acted as a strong resistance since the November 2024 peak — and this moment could be a critical turning point for the market.
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📌 Pattern Structure & Technical Setup:
🔸 Primary Pattern: Descending Trendline, capping every rally since late 2024.
🔸 Potential Reversal Structure: Falling Wedge Pattern – often a bullish reversal signal, supported by weakening bearish pressure and a series of higher lows forming since June 2025.
🔸 Current Position: Price is testing the trendline resistance around the $0.24–$0.27 zone.
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📍 Key Price Levels:
✅ Resistance:
$0.2740 → Key breakout level; confirmation of trendline break.
$0.3290 → Important horizontal level, previously acted as major support.
$0.4301 – $0.7147 → Extended bullish targets based on Fibonacci retracement and historical price memory zones.
🛑 Support:
$0.2200 → Minor support if price rejects the trendline.
$0.1520 → Major long-term support (current all-time low).
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📈 Bullish Scenario (Breakout Case):
If price successfully breaks and closes above $0.2740, we could expect:
Confirmation of a long-term downtrend breakout.
A shift in market sentiment from bearish to bullish.
Short-term target: $0.3290 → then $0.4301.
Higher upside potential if volume supports the breakout and altcoin momentum strengthens.
> 🚀 Volume will be the key validator – a breakout without volume = weak signal.
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📉 Bearish Scenario (Rejection Case):
If the price fails to break the trendline:
Likely rejection and pullback toward the $0.2200 support zone.
If selling pressure increases, a retest of the $0.1520 demand zone is possible.
This would extend the consolidation phase or confirm continued bearish control over the medium term.
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🔍 Conclusion & Trading Strategy:
POL/USDT is at a technical decision point. A confirmed breakout could mark the end of the accumulation/distribution phase and trigger a new bullish leg.
📌 Strategy Overview:
Breakout Traders: Enter after confirmed daily close above $0.2740, target levels above.
Reversal Traders: Enter conservatively after a retest of the breakout zone with a tight SL.
Bearish Traders: Consider shorts on strong rejection at the trendline, targeting $0.22 → $0.15.
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🧠 Extra Notes:
Watch Bitcoin dominance and overall market sentiment.
Volume confirmation is crucial for validating breakout strength.
Be cautious of fakeouts, especially around dynamic resistance like trendlines.
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