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Polygon analysis – the price continues to rise in the flag towards $ 2.60

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Polygon continues in steady growth. Even in the short term, it reaches higher local lows. The market price is currently at its previous high, but it does not seem to have a problem breaking it. So where is the next bull target? Let’s take a look at the current technical analysis of this highcap.

The price continues to rise for a short time and is heading for target about $ 2.63. In the long run, we can identify rising flag, whose support was respected even when creating the last minimum. Breaking the resistance of the flag, of course, the price can, but it is not necessary, because currently the trend is at least stable.

The polygon continues to grow steadilySource: TradingView

Polygon is bullish

The positive thing about the graph is that growth is also supported volumes indicating interest. The current one is no exception growing trend. As we see resistance The flag is located up to roughly $ 2.80. It is questionable in what waves the price will get there, but it is quite possible that we will overcome this level as well.

Polygon seems to have stepped on the new ATH, although it may take some time. Despite the high price, it is still advantageous to shop if someone plans to keep the cryptocurrency for a long time hodling. In the short term, however, there is still room for maneuver.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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