Polygon Breaks Above Resistance, Targets $0.31 and $0.52
Polygon's recent breakout from a broadening wedge pattern has attracted attention in the crypto market. Key points include:
- POL has moved above the resistance line of the wedge, indicating potential for upward movement.
- The immediate target is $0.31, with a further potential move towards $0.52.
- Improving sentiment and technical indicators support the bullish outlook.
- Strong volume accompanies the breakout, signaling a possible rally.
- Next targets are set at $0.44 and $0.52, based on previous reaction points and Fibonacci levels.
- Risks remain, including the chance of a false breakout if prices fall below $0.31.
