Polygon cryptocurrency can be expected to fall further toward the next support level 0.511, which stopped the previous minor impulse wave i.
– Polygon under bearish pressure
– Likely to fall to support level 0.511,
Polygon cryptocurrency under the bearish pressure after the price reversed down from the key resistance zone located between the resistance level 0.580 (former multi-month support from April, acting as the resistance after it was broken in June), 20-day moving average and the 38.2% Fibonacci correction of the previous downward impulse from last month. The downward reversal from this resistance zone is likely to form the daily Japanese candlesticks reversal pattern Evening Star – if the pair closes today near the current levels.
Given the strength of the active daily downtrend, Polygon cryptocurrency can be expected to fall further toward the next support level 0.511, which stopped the previous minor impulse wave i.
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