POL (ex-MATIC) price eyes breakout above $0.4045 as whales accumulate and adoption rates soar. Is $0.50 next?
This price action has been confined within a defined range, but technical indicators suggest that a significant move could be imminent.
This pattern forms after two consecutive lows at nearly the same level, highlighting strong support. The breakout above the neckline of the double bottom has already occurred, confirming the start of an uptrend. Additional momentum indicators, such as the MACD, are supporting the bullish outlook. The MACD line has crossed above the signal line, a typical indicator of positive momentum.
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