Disclaimer: This is not investment advice. The information provided is for general 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.
- Polygon Ecosystem Token is down -3.10% today against the US Dollar
- Polygon Ecosystem Token is currently trading 23.79% below our prediction on Oct 13, 2024
- Polygon Ecosystem Token gained 0.61% in the last month and is down -43.57% since 1 year ago
| Polygon Ecosystem Token price | $ 0.374434 |
| Polygon Ecosystem Token prediction | $ 0.491292 (30.26%) |
| Sentiment | Bearish |
| Fear & Greed index | 49 (Neutral) |
| Key support levels | $ 0.369769, $ 0.364380, $ 0.354451 |
| Key resistance levels | $ 0.385087, $ 0.395016, $ 0.400405 |
POL price is expected to rise by 30.26% in the next 5 days according to our Polygon Ecosystem Token price prediction
Polygon Ecosystem Token price today is trading at $ 0.374434 after losing -3.10% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -2.37% in the same time period. POL performed poorly against BTC today and recorded a -1.58% loss against the world’s largest cryptocurrency.
According to our Polygon Ecosystem Token price prediction, POL is expected to reach a price of $ 0.491292 by Oct 13, 2024. This would represent a 30.26% price increase for POL in the next 5 days.
POL Price Prediction Chart
Buy/Sell Polygon Ecosystem Token
What has been going on with Polygon Ecosystem Token in the last 30 days
Polygon Ecosystem Token has been displaying a positive trend recently, as the coin gained 0.61% in the last 30-days. The medium-term trend for Polygon Ecosystem Token has been bearish, with POL dropping by -26.05% in the last 3 months. The long-term picture for Polygon Ecosystem Token has been negative, as POL is currently displaying a -43.57% 1-year price change. On this day last year, POL was trading at $ 0.663593.
Polygon Ecosystem Token reached its all-time high price on Mar 13, 2024, when the price of POL peaked at $ 1.28. The current POL cycle high is $ 0.447202, while the cycle low is at $ 0.358549. POL has been displaying low volatility recently – the 1-month volatility of the coin is at 4.18. Polygon Ecosystem Token recorded 18 green days in the last 30 days.
Polygon Ecosystem Token technical analysis for today – Oct 08, 2024
The sentiment in the Polygon Ecosystem Token markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.369769, $ 0.364380 and $ 0.354451, while $ 0.385087, $ 0.395016 and $ 0.400405 are the key resistance levels.
Bearish sentiment for Polygon Ecosystem Token
7 indicators are currently signaling a bullish prediction for Polygon Ecosystem Token, while 16 indicators are showing a bearish forecast. With 70% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Polygon Ecosystem Token.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 49 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Polygon Ecosystem Token moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Polygon Ecosystem Token is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.370925 (BUY) | $ 0.399858 (SELL) | – | – |
| MA5 | $ 0.369644 (BUY) | $ 0.406287 (SELL) | – | – |
| MA10 | $ 0.386104 (SELL) | $ 0.413906 (SELL) | – | – |
| MA21 | $ 0.405493 (SELL) | $ 0.428175 (SELL) | -$ 1.55 (BUY) | $ 0.471920 (SELL) |
| MA50 | $ 0.420911 (SELL) | $ 0.472128 (SELL) | – | – |
| MA100 | $ 0.455281 (SELL) | $ 0.545744 (SELL) | – | – |
| MA200 | $ 0.648828 (SELL) | $ 0.645160 (SELL) | – | – |
| Period | Value | Action |
| RSI (14) | 40.30 | NEUTRAL |
| Stoch RSI (14) | 14.83 | BUY |
| Stochastic Fast (14) | 22.49 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 18.07 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.01 | NEUTRAL |
| Momentum (10) | -0.04 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -77.51 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 38.24 | NEUTRAL |
| VWMA (10) | 0.40 | SELL |
| Hull Moving Average (9) | 0.36 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.41 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Polygon Ecosystem Token is at 40.30, suggesting that POL is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Polygon Ecosystem Token over the last 50 days. Currently, Polygon Ecosystem Token is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the POL closing price for the last 200 days. POL is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this Polygon Ecosystem Token prediction
After considering the above factors, we can conclude that the current forecast for Polygon Ecosystem Token price prediction is Bearish. POL would have to increase by 30.26% to hit our $ 0.491292 target within the next five days. Moving forward, it will be important to monitor the POL market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Polygon Ecosystem Token price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general 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.
Source: https://coincodex.com/article/48585/polygon-ecosystem-token-prediction-october-08-2024/