Cryptoknowmics
2022-07-01 21:02:24

Polymath Technical Analysis: POLY Traders Expect a Retest of $0.30

Polymath coin prices are solid, up 10 percent in the last trading day. As per the formation in the daily chart, POLY crypto may float higher to retest $0.30 in the medium term. Past Performance of Polymath Polymath crypto is up 10 percent in the last trading day versus USDT. Technically, buyers appear to be in control, printing above the middle BB in a possible bullish formation. In the daily chart, a double bottom could form if POLY coin prices inch higher above the middle BB. Polymath Technical Analysis POLY token prices are printing higher at spot rates—a welcomed development. Even so, there is a long upper wick pointing to liquidation in smaller time frames, slowing down buyers. Despite this resistance, traders may find entries on dips above the middle BB at $0.18. The immediate target will be July 1 highs of $0.24 and later June 2022 highs at $0.30. Ideally, the expansion towards $0.24 should have high trading volumes to indicate demand. Conversely, if sellers flow back and force the coin below $0.24 at the back of rising trading volumes, POLY token prices may drop to retest 2022 lows at $0.15. What to Expect from POLY? Traders are upbeat after today’s gains. Nonetheless, there must be a solid confirmation pushing Polymath coin prices away from the middle BB. If this move is with high participation, the coin could rally to $0.30.The post Polymath Technical Analysis: POLY Traders Expect a Retest of $0.30 appeared first on Cryptoknowmics-Crypto News and Media Platform.

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