$POL Weekly Technical Analysis


POL/USDT is currently trading within a major long-term demand zone around $0.05–$0.08, an area that could serve as a potential market bottom after an extended bearish trend. Price action suggests accumulation is taking place near historical support levels, increasing the possibility of a bullish reversal.
For the bullish scenario to gain confirmation, POL must secure a weekly close above the $0.29 resistance level. A breakout above this zone could initiate the first impulsive move toward Supply Zone 1 ($0.41–$0.49). After a corrective pullback, the next upward leg may target Supply Zone 2 ($0.62–$0.68), completing a projected ABC recovery structure.
As long as the demand zone remains intact, the long-term outlook remains constructive. Traders should watch for volume expansion and strong weekly closes as confirmation of a trend reversal.
(NFA)
POL2.61%
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