Looking at the chart, this latest rally comes as the relative strength index moved towards a ceiling at 70.00.will likely hit a fresh multi-month high.
A long-term ceiling at the $0.5000 mark could potentially be a target for current bulls in the market.Polygon , moved lower to start the week, with the token falling towards a recent support point.Overall, polygon is now on the brink of colliding with the $1.05 floor, which was last hit on March 12.From the chart, it looks like a downward cross has taken place between the 10-day , and 25-day moving averages.
In addition to this, the RSI is now tracking at 43.62, which is marginally above a resistance level of 43.00.Register your email here to get weekly price analysis updates sent to your inbox:
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