Technical Outlook Signals Potential Turning Point
In recent sessions, POL/USDT recorded a 7% intraday surge, offering a brief reprieve after weeks of persistent downside pressure. Fresh chart data suggests the market may be preparing for a decisive move as the token trades near historically reactive support levels.
The latest price action shows POL attempting to stabilize around the $0.15 region, a zone that has acted as a structural pivot multiple times throughout the year. Despite the bounce, the broader technical landscape remains mixed, with both bullish and bearish signals competing for dominance. Analysts note that the asset is entering a phase where liquidity pockets and supply zones will play a critical role in determining near-term direction.
Market Structure and Key Levels
The chart displays a prolonged consolidation range that previously defined POL’s mid-year movement. This zone—roughly between $0.18 and $0.27—has now been decisively broken to the downside. Recent candles show a clean sweep below a weak low, followed by today’s attempt at recovery.
The most important line on the chart is the mid-range deviation that now acts as resistance, sitting just under $0.20. Price has reacted sharply here in the past, making it a key battleground for bulls.
BitXJournal technical analyst observing the setup explained,
“The market is showing its first meaningful reaction after a major break of structure. But until POL reclaims at least the $0.18–$0.20 area, bullish momentum remains speculative.”
Upper supply zones between $0.23 and $0.30—highlighted on the chart—represent areas where heavy selling previously emerged.
BitXJournal expert noted,
“These zones are stacked with unmitigated orders. Even a short-term rally is likely to struggle once POL approaches the $0.25 region.”
Short-Term Outlook
While today’s 7% rise signals interest from bottom buyers, the trend remains technically bearish until a clear structural reversal appears. For now, traders will be watching:
- $0.145–$0.150 support as a must-hold level
- $0.18 minor resistance for early bullish confirmation
- $0.23–$0.30 supply for trend reversal validation
With volatility rising and key levels approaching, the coming days may define whether POL starts a broader recovery or continues its downward trajectory.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.