VIP MARKET UPDATE: $POL
POLUSDT
Trvl
0.09921
-3.53%
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$POL is trading around the 0.0940 area after a clean recovery from the trendline support that bounced price aggressively back toward the 0.0970 highs before a mild pullback returned price to the current level. The ascending trendline that has been guiding price higher since mid April has been respected consistently and is now rising toward the 0.0930 area, creating a solid foundation below current price.
As long as POL holds above the trendline and the 0.0930 area, the structure remains bullish and another push toward the 0.0970 highs and beyond is the more likely outcome. A trendline loss on a closing basis would be the first warning sign that the upside momentum is fading and would open the door toward the 0.0900 area below.
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