Based

bullish

Polygon

<p>With the altcoins rising, the Polygon (POL) price is below $0.30. As the buying pressure surges, the altcoin teases a trend reversal with a breakout rally.&nbsp;</p>   
<p>Will the uptrend in Polygon cross the $0.50 psychological mark as the broader market recovers? Let’s find out more in Coinpedia’s Polygon price analysis.</p>   
<h2 class="wp-block-heading" id="h-polygon-price-analysis">Polygon Price Analysis</h2>   
<p>With a positive cycle within a falling channel pattern, the Polygon (POL) token price is on the verge of a massive bullish breakout rally. With the ongoing recovery rally accounting for a price jump of 35% this week, the recovery run challenge is a long-coming race.&nbsp;</p>   
<figure class="wp-block-image size-large">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/09170119/image-123-1024x509.png" alt="POL Price chart" class="wp-image-377892">
</figure>   
<p><a href="https://www.tradingview.com/x/DMKn9W05/" target="_blank" rel="noreferrer noopener">Tradingview</a></p>   
<p>With four consecutive bullish candles completing a positive cycle, the intraday pullback delays the breakout rally. Currently, the POL price is trading at $0.3850 with an intraday pullback of 1.86%.&nbsp;</p>   
<p>Based on the Fibonacci levels, the bull run beyond the overhead resistance trendline will likely challenge the 23.60% Fibonacci level at $0.4129. The bullish breakout run beyond the $0.41 is likely to face a position near the $0.50 psychological mark.&nbsp;</p>   
<h3 class="wp-block-heading" id="h-technical-indicators">Technical Indicators:</h3>   
<p><strong>MACD: </strong>The high momentum bull cycle in POL price within the falling channel pattern has led to a positive crossover between the <a href="https://coinpedia.org/traders/moving-average-convergence-divergence-macd/" target="_blank" rel="noreferrer noopener">MACD</a> and signal lines.&nbsp;&nbsp;</p>   
<p><strong>SMA</strong>: The bullish rally surpasses the 50-day <a href="https://coinpedia.org/traders/exponential-moving-average-ema/" target="_blank" rel="noreferrer noopener">EMA</a>, increasing the breakout rally chances.&nbsp;</p>   [post_titles_links postid="377846"]   
<h2 class="wp-block-heading" id="h-will-pol-price-reach-0-50">Will POL Price Reach $0.50?</h2>   
<p>The immediate resistance at $0.50 for the POL price trend coincides with the dynamic 200-day SMA. As the broader market recovers, the bull run chances for the POL token are improving. Hence, the next potential target for the POL price trend remains the $0.50 mark.&nbsp;</p>   
<p>On the flip side, a minor pullback within the channel will likely retest the 50-day SMA at $0.3667 before a post-test reversal.&nbsp;</p>   
<p>Also, read our <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/" target="_blank" rel="noreferrer noopener">Polygon Price Prediction 2024-2030</a>, for insights about the long-term prospects of this cryptocurrency.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731151838217">
  <strong class="schema-faq-question">What is the current price of Polygon (POL)?</strong> 
  <p class="schema-faq-answer">Polygon is trading at $0.3850 with a slight 1.86% intraday pullback.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731151847195">
  <strong class="schema-faq-question">What are the immediate price targets for POL?</strong> 
  <p class="schema-faq-answer">Key targets are $0.4129 (23.60% Fibonacci level) and $0.50 (psychological mark).</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1731151847628">
  <strong class="schema-faq-question">What are the key support levels for POL?</strong> 
  <p class="schema-faq-answer">Support lies at $0.3667 (50-day SMA) before a potential reversal.</p> 
 </div> 
</div>

Polygon (POL) Price Targets $0.50 with Channel Breakout

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