$POL
The latest POL price surged to $0.1726, experiencing a significant increase over the past 24 hours.
The action is in line with a continuity trend because the buyers continued gaining momentum after their successful breakout of the important $0.14 area.
The price of polygons has surged out of a parallel rising channel, which is positive with regard to accelerating upside momentum.
The resistance of the price was broken sharply, which placed POL above the $0.16 level, indicating the constant pressure of demand.
The indicator of MACD is still in a robust bullish position, where the MACD line is far above the signal line.
Meanwhile, the 4-hour chart is at RSI 79, which indicates overbought.
A retest success would affirm the bullish climb as the future Polygon outlook is still bright. And if the next step would be to the higher levels of $0.18 and $0.20.
Failure to hold $0.16 could delay the move, but wouldn’t invalidate the overall structure unless the Polygon price drops back below $0.14.