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POL Price Prediction 2024: Will POL Rise to $0.484882 by Oct 26?

Barbara Streisand
Release: 2024-10-22 12:30:27
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POL price is expected to rise by 30.23% in the next 5 days according to our Polygon Ecosystem Token price prediction is trading at $0.371487

POL Price Prediction 2024: Will POL Rise to <img src=.484882 by Oct 26?" >

The price of Polygon Ecosystem Token (POL) is displaying a -3.25% decrease over the last 24 hours and currently trades at $ 0.371487. This movement comes as the total cryptocurrency market cap decreased by -1.50% in the same time period. The coin also recorded a -0.92% loss against BTC today.

Get up-to-date cryptocurrency news and price movements on CoinMarketCap

Ourっくりごと Polygon Ecosystem Token price prediction, POL is displaying a 30.23% price increase and is expected to reach a price of $ 0.484882 by Oct 26, 2024.

Chart displaying the price of Polygon Ecosystem Token (POL) over the last 30 days

Buy/Sell Polygon Ecosystem Token

What has been going on with Polygon Ecosystem Token in the last 30 days

The coin lost -8.12% in the last 30-days, displaying a bearish medium-term trend. However, over the last 3 months, the long-term trend for Polygon Ecosystem Token has been bearish, with POL dropping by -30.85%.

Chart displaying the price of Polygon Ecosystem Token (POL) over the last 365 days

Polygon Ecosystem Token reached its all-time high price on Mar 13, 2024, when the price of POL peaked at $ 1.28. The current POL cycle high is at $ 0.447202, while the cycle low is at $ 0.358549.

The 1-month volatility of the coin is at 5.05, signaling low volatility in the last 30 days. In the last 30 days, Polygon Ecosystem Token recorded 16 green days.

Polygon Ecosystem Token technical analysis for today - Oct 22, 2024

The sentiment in the Polygon Ecosystem Token markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.373229, $ 0.362054 and $ 0.356177, while $ 0.390281, $ 0.396158 and $ 0.407333 are the key resistance levels.

Neutral sentiment for Polygon Ecosystem Token

14 indicators are currently signaling a bullish prediction for Polygon Ecosystem Token, while 13 indicators are showing a bearish forecast. With 52% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Polygon Ecosystem Token.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 72 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed†reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear†reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Polygon Ecosystem Token moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Polygon Ecosystem Token is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Polygon Ecosystem Token is at 51.01, suggesting that POL is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Polygon Ecosystem Token over the last 50 days. Currently, Polygon Ecosystem Token is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the POL closing price for the last 200 days. POL is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Polygon Ecosystem Token prediction

After considering the above factors, we can conclude that the current forecast for Polygon Ecosystem Token price prediction is Neutral. Our price target for POL in the next five days is $ 0.484882, which would represent a 30.23% price

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