Polygon (POL) approaches a critical situation around the $ 0.28 brand, where the recent moment meets the key resistance. The next sessions could determine if buyers can exceed this level for a break or if a setback towards support about $ 0.26 will prepare the scenario for consolidation.
Polygon trend within reach of resistance at $ 0.28
GEMXBT, in a recent update shared in X, stressed that Polygon has been in upward trend, showing an encouraging force in its recent performance. However, the graph now reveals that the price is close to a crucial resistance level at $ 0.28, while finding strong support around $ 0.26.
From a technical perspective, the MACD has shown a bearish crossover, which often indicates the impulse of fading or the possibility of a short -term correction. This development suggests that bulls may need to exert more pressure to maintain the upward trend and overcome the resistance of $ 0.28.
In addition to this cautious tone, the RSI is moving down, which indicates weakening the purchase pressure. If the indicator continues to fall, a fall to the support area of $ 0.26 could be on the cards before any attempt of a new rebound.
Interestingly, volume peaks have constantly aligned with price peaks, indicating greater interest and activity every time POL approaches the key levels. This dynamic underlines the importance of closely monitoring these technical zones, since they could prepare the stage for a decisive breakdown above the resistance or a corrective setback to re -test the lowest supports.
Key decision point: continuation of rally or healthy restoration?
According to Oluwanifemi, Polygon is currently quoted at $ 0.2778, marking an impressive gain of 13.82% in the last 24 hours, indicating a strong impulse. On the basis of this, Oluwanifemi emphasizes that the price action is fair around the resistance zone of $ 0.280, which is emerging as a critical level for the next movement. In their opinion, if buyers manage to maintain control and overcome this barrier with a convincing volume, the configuration could pave the way for a new upward outbreak.
However, he also warns that not all signs point to immediate force. If the impulse begins to fade, the expert anticipates a healthy setback towards the $ 0.260 support region. A new test of this level, emphasizes, would not necessarily damage the wider trend, but could provide space to restart before the next ascending leg.
Concluding his perspective, the analyst emphasizes that this makes the current area particularly important to monitor. Whether the polygon is broken higher or submerged in consolidation, he affirms that acute merchants will closely observe position themselves for the next significant movement in any direction.
