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Polusdtsignal

#POL/USDT#POL The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it. We are seeing a rebound from the lower boundary of the descending channel, which is support at 2270. We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.2270 First target: 0.2322 Second target: 0.2374 Third target: 0.2430
Long
by CryptoAnalystSignal
POL/USDT Trading ScenarioIn November, POL showed confident growth driven by euphoria following the U.S. presidential election results. The asset's price surged from $0.2852 to $0.7705, marking a gain of over 160%. However, profit-taking by market participants soon followed, resulting in a correction that now exceeds 46%. Currently, seller activity appears to be waning, with a support level forming at $0.4104, from which the price has rebounded twice. Volume profile analysis indicates that POL has stabilized within a zone of market interest. Further declines may occur as liquidity from short-term players is absorbed, potentially setting the stage for a trend reversal. The recovery dynamics and subsequent growth of the asset are largely influenced by U.S. macroeconomic indicators. Special attention is being paid to the Federal Reserve's decisions on adjusting the key interest rate, which are revised based on current data.
by Rick_SimpleSwap