POL (ex-MATIC) Approaching the 200-Day Moving Average
2024-11-21

Hello, dear readers, and happy Thursday!

As the week comes to an end, I hope you’re all making the most of it.

Today, we’re looking at the Polygon Ecosystem Token on the daily chart. The price is approaching the 200-day moving average (200MA) and the 0.236 Fibonacci retracement level. While upside volume is beginning to lose momentum, this could be a positive sign if we consider the bull flag pattern forming with support along the black line. Typically, volume tends to drop before a significant move triggered by price patterns.

This one is definitely worth monitoring in the future.

Thank you for reading, and happy trading!

