Polygon Ecosystem Token (POL) Price Prediction 2024, 2025–2030

Explore short and medium-term Polygon Ecosystem Token price prediction analysis and check long-term Polygon Ecosystem Token forecasts for 2025, 2030, and beyond

5-Day Prediction
$?0.456031
1-Month Prediction
$?1.152238
3-Month Prediction
$?1.213862
6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price $?0.350259
Price Prediction $?1.152238  (229.42%)
Fear & Greed Index
Sentiment Bearish
Volatility 5.26%
Green Days 15/30 (50%)
50-Day SMA $?0.387163
200-Day SMA $?0.550094
14-Day RSI 38.02

According to our current Polygon Ecosystem Token price prediction, the price of Polygon Ecosystem Token is predicted to rise by 229.42% and reach $?1.152238 by November 24, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing . Polygon Ecosystem Token recorded 15/30 (50%) green days with 5.26% price volatility over the last 30 days. Based on the Polygon Ecosystem Token forecast, it's now a bad time to buy Polygon Ecosystem Token.

$
≈ $?3,741.09

If you invest $?1,000.00 in Polygon Ecosystem Token today and hold until Dec 02, 2024, our prediction suggests you could see a potential profit of $?3,741.09, reflecting a 374.11% ROI over the next 37 days (fees are not included in this estimate).

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Short-Term Polygon Ecosystem Token Price Targets

DatePredictionPotential ROI
Oct 26, 2024$?0.349781
0.14%
Oct 27, 2024$?0.368708
5.27%
Oct 28, 2024$?0.393084
12.23%
Oct 29, 2024$?0.422856
20.73%
Oct 30, 2024$?0.456031
30.20%

Over the next five days, Polygon Ecosystem Token will reach the highest price of $?0.456031 on Oct 30, 2024, which would represent 30.20% growth compared to the current price. This follows a -4.25% price change over the last 7 days.

Polygon Ecosystem Token Prediction Table

202420252026202720282029203020402050
MonthMin. PriceAvg. PriceMax. PricePotential ROI
Oct 2024$?0.349781$?0.709142$?1.193458
240.74%
Nov 2024$?1.086061$?1.398967$?1.660609
374.11%
Dec 2024$?0.871767$?1.002479$?1.211044
245.76%

In 2024, Polygon Ecosystem Token (POL) is anticipated to change hands in a trading channel between $?0.349781 and $?1.660609, leading to an average annualized price of $?1.036863. This could result in a potential return on investment of 374.11% compared to the current rates.

Polygon Ecosystem Token Price Prediction 2024

October 2024: POL Prediction

With a negative market trend seen last month (with the price of POL losing -15.17%), Polygon Ecosystem Token is expected to reject the trend in October. The projected monthly trading range is between $?0.349781 and $?1.193458, with the average monthly value sitting at $?0.709142, which would be a 71.75% increase compared to the previous month. This could offer investors a potential return of 240.74%.

Potential ROI: 240.74%

November 2024: POL Prediction

Forecasts for November suggest a continuation of the market trend, with a potential price increase to $?1.398967. The expected price range lies between $?1.086061 and $?1.660609, influenced by last month's market performance. Investors may witness a potential gain of 374.11%, if they decide to buy POL at current prices and sell it at predicted rates.

Potential ROI: 374.11%

December 2024: POL Prediction

Polygon Ecosystem Token is predicted to finish the year by changing hands in a trading channel between $?0.871767 and $?1.211044. This would entail that the price of POL increased by 186.21% in comparison to today’s prices (assuming December’s average price of $?1.002479). In other words, investors would generate a potential profit of 245.76% if POL follows the prediction.

Potential ROI: 245.76%

Polygon Ecosystem Token Price Prediction 2025

In 2025, Polygon Ecosystem Token is forecasted to trade in a price channel between $?0.597532 and $?1.413332. On average, POL is expected to change hands at $?0.904883 during the year. The most bullish month for POL could be January, when the currency is anticipated to trade 303.51% higher than today.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.913216$?1.128942$?1.413332
303.51%
February$?1.192587$?1.251782$?1.316591
275.89%
March$?0.922135$?1.081106$?1.238764
253.67%
April$?0.770093$?0.887955$?0.990866
182.90%
May$?0.681003$?0.860185$?0.942448
169.07%
June$?0.597532$?0.67586$?0.75661
116.01%
July$?0.635186$?0.672342$?0.740319
111.36%
August$?0.649093$?0.745379$?0.918307
162.18%
September$?0.841602$?0.925865$?0.972376
177.62%
October$?0.848388$?0.908121$?0.958802
173.74%
November$?0.851834$?0.903121$?0.931997
166.09%
December$?0.696286$?0.817936$?0.876553
150.26%

Polygon Ecosystem Token Price Prediction 2026

Generally speaking, Polygon Ecosystem Token price prediction for 2026 is bullish. The POL cryptocurrency is forecasted to hit a high point of $?0.764113 in January and reach a low of $?0.291407 in August. Overall, POL is expected to trade at an average price of $?0.480616 in 2026.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.697641$?0.729184$?0.764113
118.16%
February$?0.559742$?0.637462$?0.706805
101.80%
March$?0.470142$?0.54303$?0.588182
67.93%
April$?0.481029$?0.51592$?0.570511
62.88%
May$?0.521865$?0.558175$?0.630631
80.05%
June$?0.461044$?0.523118$?0.561387
60.28%
July$?0.402523$?0.453648$?0.490725
40.10%
August$?0.291407$?0.345229$?0.414806
18.43%
September$?0.322317$?0.337886$?0.365629
4.39%
October$?0.348229$?0.385412$?0.433987
23.90%
November$?0.359758$?0.388225$?0.431531
23.20%
December$?0.324934$?0.350098$?0.378654
8.11%

Polygon Ecosystem Token Price Prediction 2027

The outlook for Polygon Ecosystem Token in 2027 indicates a possible uptrend, with an expected price of $?0.407317. This represents a 16.29% increase from the current price. The asset's price is projected to oscillate between $?0.319677 in July and $?0.682859 in December. Investors could see a potential ROI of 94.96%, suggesting a favorable investment environment.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.323523$?0.344502$?0.357197
1.98%
February$?0.341743$?0.34862$?0.356486
1.78%
March$?0.330333$?0.343045$?0.368462
5.20%
April$?0.356639$?0.379651$?0.426575
21.79%
May$?0.405274$?0.420915$?0.446956
27.61%
June$?0.342179$?0.392055$?0.418539
19.49%
July$?0.319677$?0.339682$?0.357025
1.93%
August$?0.336753$?0.343565$?0.353298
0.87%
September$?0.34933$?0.368328$?0.395566
12.94%
October$?0.397835$?0.494027$?0.657054
87.59%
November$?0.473006$?0.495692$?0.554144
58.21%
December$?0.526203$?0.617727$?0.682859
94.96%

Polygon Ecosystem Token Price Prediction 2028

Following a bullish trend in the previous year, 2028 is expected to continue this momentum. Polygon Ecosystem Token’s value is forecasted to increase, potentially reaching an average price of $?0.741304. The price is predicted to fluctuate between a low of $?0.549963 in March and a high of $?1.118885 in September.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.619811$?0.645258$?0.672115
91.89%
February$?0.552628$?0.585351$?0.658962
88.14%
March$?0.549963$?0.577352$?0.639611
82.61%
April$?0.598322$?0.624963$?0.647748
84.93%
May$?0.606082$?0.615021$?0.626908
78.98%
June$?0.618579$?0.628604$?0.656038
87.30%
July$?0.658279$?0.668334$?0.684405
95.40%
August$?0.652585$?0.695808$?0.792136
126.16%
September$?0.799055$?0.953787$?1.118885
219.45%
October$?0.879393$?0.970833$?1.011693
188.84%
November$?0.949751$?0.984778$?1.017848
190.60%
December$?0.902255$?0.945561$?0.990951
182.92%

Polygon Ecosystem Token Price Prediction 2029

Forecasts for 2029 suggest that POL will experience a significant growth, with expected fluctuation ranging from $?0.974121 to $?2.25. Investors might anticipate a potential ROI of 541.35%, aligning with a bullish outlook for the year.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?0.974121$?1.033836$?1.118108
219.22%
February$?1.087363$?1.16086$?1.242503
254.74%
March$?1.137246$?1.294098$?1.496377
327.22%
April$?1.481246$?1.906881$?2.25
541.35%
May$?1.73114$?1.860349$?2.03
478.90%
June$?1.456187$?1.617847$?1.832579
423.21%
July$?1.203517$?1.393465$?1.583757
352.17%
August$?1.311858$?1.468553$?1.578688
350.72%
September$?1.192492$?1.285619$?1.376751
293.07%
October$?1.182536$?1.28221$?1.399645
299.60%
November$?1.316237$?1.384823$?1.443866
312.23%
December$?1.230676$?1.268601$?1.329056
279.45%

Polygon Ecosystem Token Price Prediction 2030

In the long term, Polygon Ecosystem Token could reach a price of $?1.310517 in March of 2030. That’s a rather optimistic scenario, as POL could trade as low as $?0.890499 in October. Overall, POL’s price is projected to hover at around $?1.093876 during the year, about 212.31% above the current price of $?0.350259.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$?1.128113$?1.175335$?1.263654
260.78%
February$?1.118544$?1.159355$?1.191194
240.09%
March$?1.200129$?1.259409$?1.310517
274.16%
April$?1.129715$?1.161939$?1.19919
242.37%
May$?1.148075$?1.180948$?1.231886
251.71%
June$?1.151226$?1.170288$?1.182367
237.57%
July$?1.147378$?1.159659$?1.175515
235.61%
August$?1.006867$?1.132567$?1.166291
232.98%
September$?0.904542$?0.951234$?1.000718
185.71%
October$?0.890499$?0.927871$?0.960688
174.28%
November$?0.917903$?0.935072$?0.958392
173.62%
December$?0.903292$?0.912836$?0.922835
163.47%

Polygon Ecosystem Token Price Prediction For Years 2024, 2025, 2026, 2027, 2028, 2029, and 2030

Over the next several years, Polygon Ecosystem Token is projected to increase, with prices potentially reaching $?2.25 by 2029. This represents a 541.35% gain from today's value. The long-term forecast suggests a bullish trend, with potential highs of $?2.25 and lows of $?0.291407 over the period.

YearMin. PriceAvg. PriceMax. PricePotential ROI
2024$?0.349781$?0.259216$?1.660609
374.11%
2025$?0.597532$?0.904883$?1.413332
303.51%
2026$?0.291407$?0.480616$?0.764113
118.16%
2027$?0.319677$?0.407317$?0.682859
94.96%
2028$?0.549963$?0.741304$?1.118885
219.45%
2029$?0.974121$?1.413095$?2.25
541.35%
2030$?0.890499$?1.093876$?1.310517
274.16%

Polygon Ecosystem Token Technical Analysis

Sentiment

Bearish

Based on data from October 25, 2024 at 09:37, the general Polygon Ecosystem Token price prediction sentiment is bearish , with 3 technical analysis indicators signaling bullish signals, and 21 signaling bearish signals.

POL price prediction was last updated on October 25, 2024 at 09:37.

Polygon Ecosystem Token's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

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Based on our technical indicators, Polygon Ecosystem Token's 200-day SMA will drop in the next month and will hit $?0.543832 by Nov 24, 2024. Polygon Ecosystem Token's short-term 50-Day SMA is estimated to hit $?0.566986 by Nov 24, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 38.02, which indicates that the POL market is in a neutral position.

Popular POL Moving Averages and Oscillators for Fri, Oct 25, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$?0.359961SELL
SMA 5$?0.366507SELL
SMA 10$?0.368104SELL
SMA 21$?0.376552SELL
SMA 50$?0.387163SELL
SMA 100$?0.428107SELL
SMA 200$?0.550094SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$?0.367688SELL
EMA 5$?0.368631SELL
EMA 10$?0.371363SELL
EMA 21$?0.378642SELL
EMA 50$?0.398667SELL
EMA 100$?0.446515SELL
EMA 200$?0.54228SELL

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21-$?0.49BUY
SMA 50-$?0.05BUY
SMA 100--
SMA 200--

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$?0.444097SELL
EMA 50$?0.035412BUY
EMA 100--
EMA 200--

Polygon Ecosystem Token Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)38.02NEUTRAL
Stoch RSI (14)72.80NEUTRAL
Stochastic Fast (14)20.31NEUTRAL
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)14.69NEUTRAL
Awesome Oscillator (5, 34)-0.01NEUTRAL
Momentum (10)-0.01NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-79.69NEUTRAL
Ultimate Oscillator (7, 14, 28)47.46NEUTRAL
VWMA (10)0.37SELL
Hull Moving Average (9)0.37SELL
Ichimoku Cloud B/L (9, 26, 52, 26)0.39NEUTRAL

Polygon Ecosystem Token Key Price Levels

Based on today's classical pivot point (P1) with the value of $?0.355914, Polygon Ecosystem Token has support levels of $?0.352621, $?0.34923, and the strongest at $?0.345937. Similarly, Polygon Ecosystem Token resistance levels are at $?0.359305, $?0.362597, and $?0.365989.

Support Levels

#PriceStrength
S1$?0.352621  
S2$?0.34923  
S3$?0.345937  

Resistance Levels

#PriceStrength
R1$?0.359305  
R2$?0.362597  
R3$?0.365989  

Polygon Ecosystem Token Correlation

Over the past 7 days, Polygon Ecosystem Token price was most positively correlated with the price of NEO (NEO), Ethereum (ETH), Avalanche (AVAX), Tezos (XTZ) and EOS (EOS) and most negatively correlated with the price of TRON (TRX), cat in a dogs world (MEW), SPX6900 (SPX), Popcat (POPCAT) and Raydium (RAY).

Positively Correlated Currencies

NameCorrelation
0.980
0.977
0.974
0.969
0.967

Negatively Correlated Currencies

NameCorrelation
-0.851
-0.691
-0.684
-0.677
-0.674

Polygon Ecosystem Token price is positively correlated with the top 10 coins by market cap with a price of 0.599, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.563.

Currencies that are positively correlated with Polygon Ecosystem Token indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Polygon Ecosystem Token, a move in one direction for Polygon Ecosystem Token would translate into a move in the opposite direction for the negatively correlated coin.

Polygon Ecosystem Token Price Prediction FAQ

What is Polygon Ecosystem Token's price prediction today?

Based on our Polygon Ecosystem Token prediction chart, the price of Polygon Ecosystem Token will increase by 0.00% and reach $?0.349781 by Oct 26, 2024.

What is Polygon Ecosystem Token price prediction for tomorrow?

Polygon Ecosystem Token is predicted to gain 0.00% and reach a price of $?0.349781 tomorrow.

What is the Polygon Ecosystem Token price prediction for this week?

According to our Polygon Ecosystem Token price prediction, POL is forecasted to trade within a price range of $?0.349781 and $?0.393084 this week. Polygon Ecosystem Token will increase by 12.38% and reach $?0.393084 by Oct 28, 2024 if it reaches the higher value target.

What is the Polygon Ecosystem Token price prediction for next week?

The Polygon Ecosystem Token price prediction for next week is between $?0.393084 on the lower end and $?0.490863 on the high end. Based on our POL price prediction chart, the price of Polygon Ecosystem Token will increase by 24.87% and reach $?0.490863 by Nov 04, 2024 if it reaches the upper price target.

What is the Polygon Ecosystem Token price prediction for 2024?

Polygon Ecosystem Token is forecasted to trade within a range of $?0.349781 and $?1.660609. If it reaches the upper price target, POL could increase by 374.11% and reach $?1.660609.

What is the Polygon Ecosystem Token price prediction for 2025?

According to our Polygon Ecosystem Token price prediction, POL is forecasted to trade within a price range of $?0.349781 and $?1.660609 next year. Polygon Ecosystem Token will increase by 374.11% and reach $?1.660609 if it reaches the higher value target for 2025.

What is the Polygon Ecosystem Token price prediction for 2030?

The Polygon Ecosystem Token price prediction for 2030 is between $?0.974121 on the lower end and $?2.25 on the high end. Based on our POL price prediction chart, the price of Polygon Ecosystem Token could gain 541.35% and reach $?2.25 if it reaches the upper price target.

Will Polygon Ecosystem Token reach $10?

Polygon Ecosystem Token would need to gain 2,755.03% to reach $10. According to our Polygon Ecosystem Token prediction algorithm, Polygon Ecosystem Token will hit $10 in April 2045.

Will Polygon Ecosystem Token reach $100?

Polygon Ecosystem Token would need to gain 28,450.32% to reach $100. According to our Polygon Ecosystem Token prediction algorithm, the price of Polygon Ecosystem Token will not reach $100. The highest expected price our algorithm estimates is $?15.65 by 2048.

Will Polygon Ecosystem Token reach $1,000?

Polygon Ecosystem Token would need to gain 285,403.22% to reach $1,000. According to our Polygon Ecosystem Token prediction algorithm, the price of Polygon Ecosystem Token will not reach $1,000. The highest expected price our algorithm estimates is $?15.65 by 2048.

What is the current Polygon Ecosystem Token sentiment?

The current Polygon Ecosystem Token sentiment is bearish according to our technical analysis. The majority of technical indicators are showing sell.

Is it profitable to invest in Polygon Ecosystem Token?

Over the last 30 days, Polygon Ecosystem Token had 15/30 (50%) green days. According to our historical data, it is currently not profitable to invest in Polygon Ecosystem Token. The price of Polygon Ecosystem Token decreased by -45.47% in the last 1 year.

Is Polygon Ecosystem Token a good buy in 2024?

Based on multiple technical quantitative indicators, the current forecast for Polygon Ecosystem Token in 2024 is bearish. This could be an indication that Polygon Ecosystem Token is a bad buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Polygon Ecosystem Token or not.

What will the price of Polygon Ecosystem Token be next week?

According to our Polygon Ecosystem Token forecast, the price of Polygon Ecosystem Token will increase by 30.38% over the next week and reach $?0.456031 by October 30, 2024.

What will the price of Polygon Ecosystem Token be next month?

According to our Polygon Ecosystem Token forecast, the price of Polygon Ecosystem Token will increase by 229.42% over the next month and reach $?1.152238 by November 24, 2024.

What is Polygon Ecosystem Token's 50-Day SMA and what does it indicate?

Polygon Ecosystem Token’s 50-day SMA (simple moving average) is currently $?0.387163. The 50-day SMA indicates the average price of Polygon Ecosystem Token over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive POL price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Polygon Ecosystem Token's 200-Day SMA and what does it indicate?

Polygon Ecosystem Token’s 200-day SMA is currently $?0.550094. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Polygon Ecosystem Token 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that POL has been trending downwards over the long term.

Many cryptocurrency traders pay close attention to the markets when the current Polygon Ecosystem Token price crosses an important moving average like the 200-day SMA.

The 200-day SMA is calculated by taking Polygon Ecosystem Token’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

What is Polygon Ecosystem Token's 14-day RSI and what does it indicate?

Polygon Ecosystem Token’s 14-day RSI is at 38.02, indicating that POL is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Polygon Ecosystem Token. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Polygon Ecosystem Token go back up?

Based on our algorithmically generated price prediction for Polygon Ecosystem Token, the price of POL is expected to decrease by 229.42% in the next month and reach $?1.152238 on Nov 24, 2024. Additionally, Polygon Ecosystem Token’s price is forecasted to gain 181.33% in the next six months and reach $?0.984045 on Apr 23, 2025. Finally, Polygon Ecosystem Token is expected to trade at $?0.935392 on Oct 25, 2025, following a 167.42% value decrease in one year.

How does our price prediction for Polygon Ecosystem Token work?

The Polygon Ecosystem Token price prediction on CoinCodex is calculated using the historical Polygon Ecosystem Token price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Polygon Ecosystem Token prediction.

How to read and predict Polygon Ecosystem Token price movements?

Polygon Ecosystem Token traders use a variety of tools to try and determine the direction in which the POL market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Polygon Ecosystem Token price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Polygon Ecosystem Token Price Prediction Indicators

Moving averages are among the most popular Polygon Ecosystem Token price prediction tools. As the name suggests, a moving average provides the average closing price for POL over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for POL is a sum of POL’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the POL price moves above any of these averages, it is generally seen as a bullish sign for Polygon Ecosystem Token. Conversely, a drop below an important moving average is usually a sign of weakness in the POL market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the POL price.

How to read Polygon Ecosystem Token charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Polygon Ecosystem Token with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Polygon Ecosystem Token’s price action in 1-hour chunks. Each candlestick will display POL’s opening price, closing price, as well as the highest and lowest prices that Polygon Ecosystem Token reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Polygon Ecosystem Token?

Just like with any other asset, the price action of Polygon Ecosystem Token is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of POL. The market capitalization of Polygon Ecosystem Token can change significantly in a short period of time.

When trying to make a Polygon Ecosystem Token forecast, many traders also try to monitor the activity of POL “whales”, which are entities and individuals that control large amounts of POL. Since the Polygon Ecosystem Token market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Polygon Ecosystem Token’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
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POL
Polygon Ecosystem Token
$?0.350259
-1.31% Last 24h
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