POL (ex-MATIC) Has Received a Lot of Attention Recently as Its Price Exhibits a Bullish Trend

In a post on X on Tuesday, The Wolf of All Streets, indicated that he was amazed by the POL rally. He stated that it is capturing a bid and giving buy signals

The price of POL (ex-MATIC) has been performing poorly for the past few months. Prices were able to get as high as a key resistance line before being pushed lower. The token suffered its biggest falls in March and April,suggesting that sellers had the upper hand during that period. However, recently the price managed to clip above it and has been rising steadily. This can be taken as a signal of a bullish turnaround.

After this accumulation phase, the volume also increased, thus indicating that the demand for POL is beginning to grow. The breakout was recorded on April 21, when the POL rose from its previous levels of $0.20 to its current value of $0.2137, which may mark the beginning of an upward trend.

Furthermore, the volume bars at the lower part of the chart demonstrate a considerable rise in activity, especially after the breakout. Such high volumes are typically considered a sign of strong market conviction, and as such, they can point to further upward price movement.

If this momentum continues, traders anticipate further gains for POL, potentially reaching the $0.24 range and beyond. The breakout indicates a new trend in investors’ sentiments, and many hope it will continue strong if buying pressure persists.

Analysis and recent price action point to a potential bullish phase for POL. The breakout from the resistance level, accompanied by strong volume, clearly indicates that traders should remain alert for further upside movement.

As of press time, POL is trading at $0.2137, up 9.89%, signaling the start of a fresh rally.