Polygon Price Prediction – Price Drops 25%! Get in now?

In our last Polygon Price Prediction we wrote that the price could correct soon. The course was then corrected. However, the course ignored the drawn GoldenPocket and then fell slightly below the GoldenPocket. Currently, the price is still below the GoldenPocket. But how could the Polygon course continue in the near future? We're going to take a closer look at Polygon's chart today and assess whether to buy now.

The Polygon price formed a bull flag right after our article. This bull flag is a trend continuation formation, so we expect a bullish breakout here. Before the breakout, however, we still assume that the price will test the lower line once more. After that, the price could rise to the upper trend line and bounce there briefly. After that, we expect a breakout of the bull flag. The bull flag target is around $2.32. There is also horizontal resistance at $2.442, making it highly likely that the polygon will rise above $2.

Polygon price has developed a bullish divergence since the last low. This divergence could lead to higher prices, which is why an entry into Polygon could now be worthwhile. The Polygon course may no longer test the lower trend line due to the divergence and instead rise directly to the upper trend line. However, since we are unlikely to test the lower trendline now, Polygon price may test it after price tests the upper resistance line. Thus, the bull flag could continue a bit longer until we see a bullish breakout.

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