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POL / TetherUS PERPETUAL CONTRACT

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POLUSDT.P trade ideas

Polygon's MATIC transforms into POL: will POL rise back?A couple of days ago, the Polygon chain accomplished its much-awaited migration, wherein POL replaced MATIC as the native gas and staking token. While the newly launched POL is expected to play a crucial role in AggLayer, the community could decide to expand the utility of POL in subsequent phases. While the MATIC on the Polygon zkEVM will be automatically swapped to POL on a 1:1 basis, the tokens on Ethereum and other chains require a manual migration. Meanwhile, the POL price remained stuck under $0.4 until the traders jumped in with a massive influx of buying volume. The POL price experienced a quick upswing after the volume soared. above $70 million, halting the ongoing descending trend. The technicals have turned in a bullish favour, which revives the possibility of reclaiming $0.5. The bulls are trying hard to materialize a parabolic recovery and a bullish close above $0.44 may keep up the probability of a bullish continuation for the next few days. The price is trying to set a parabolic curve, which appears to be more likely as the RSI is ascending with the MACD close to undergoing a parabolic crossover. Besides, the steep rise in volume suggests an immense rise in the trader’s confidence. Therefore, the POL price is believed to maintain a steep upswing and rise above $0.57. However, the token may face a pullback before reaching the pivotal $0.6 zone, which may exhaust the selling pressure. The upcoming quarter is believed to retain a strong bullish momentum within the markets and hence the POL price is also believed to demonstrate some strength. Therefore, as the market dynamics change, the token is expected to reclaim the $1 milestone, validating a move above the bearish influence. Although forming a new ATH remains a tedious job, the Polygon (MATIC) price or the POL price is believed to maintain a slow and steady upswing in the days ahead.
Long
by paul_endeo
1
POL on its way to $0.70 on the 4H chartBased on the chart, the belief that POL is likely heading toward $0.70 stems from several technical indicators and patterns: Ascending Channel: A green upward sloping channel has been drawn on the chart, and the current price action is following this trend. The price is bouncing off the lower trendline, indicating support, and it is expected to continue following the pattern upwards within this channel. Support Levels: There are several well-established support levels (green horizontal lines) below the current price. These support levels have historically helped the price rebound upward. As long as these supports hold, the bullish trend within the ascending channel is likely to persist. Resistance Levels: The chart shows orange horizontal lines marking previous resistance levels, notably at around $0.70. The price action is currently far from this resistance level, but it appears to be targeting it. The gradual rise within the channel suggests a slow climb toward this level. Volume Spike: There’s an evident volume spike near the current price levels, indicating heightened buying interest. This volume surge could be a signal of accumulating demand, pushing the price upward. Supertrend and Other Indicators: The use of the Heikin Ashi Smoothed Buy Sell v4, Supertrend, and Crypto_POON Trader Trading Strategy indicators adds further confidence. The indicators appear to be favoring a bullish trend, which aligns with the view of reaching $0.70 as the next major target. Technical Bounce from Recent Lows: The price recently touched a low point near $0.30 but has since rebounded off this low with a strong upward move, which is consistent with a recovery pattern. The upward movement has already started within the green channel, indicating the potential for continued upward momentum. In summary, the combination of the ascending channel, strong support levels, a volume increase, and bullish technical indicators all suggest that the price of POL is on track to potentially reach $0.70. The red trajectory within the green channel indicates the expected oscillations on the way to this target, while maintaining the general upward trend.
Long
by Crypto_POON
IDEA is only an IDEA till....Caveat Emptor/ Assuming : We had done enough research on a coin. The bullish vibe is so high 1000% SO what do we do? #DO nothing and dream... :) #Pump everything into one crypto at one price and one time! OR Dollar cost averaging for 3-6 months -depends on your budget - some can do at $10 without effecting your budget..just do $10 every week or fortnightly. (some ppl $10K 100K..hehe) and WAIT... this is most difficult job. PETRONAS Twin Tower in Kuala Lumpur wasn't built in a day. Like always I am no guru. You can find your guru on youtube. All the best. May you success always. Lots of love from Malaysia. Land of sunshine.
Long
by reazosman
pol/usdt swing ~The POL token (Proof of Liquidity) serves as credits for Pool-X, helping to record the flow of liquidity certificates and working as the payment method for liquidity bids in the aforementioned trading market. Ultimately, POL was created to cope with the inadequate liquidity of staked crypto assets. this is an essential token in the world of staking on Kucoin. i'm picking up some pol right here, as it retests this long bear channel. been consolidating for weeks now, and we're about to get a weekly algorithmic buy signal using our proprietary system. ------------- wave 5 target = $1.6
Long
by notoriousbids
2