Polygon is Predicted to Reach $ 0.763817 By Dec 07, 2024
Polygon is predicted to increase 23.65% in the next 5 days and hit a price target of $0.763817 per POL. Check out today's Polygon price prediction to learn why.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Polygon is up 5.83% today against the US Dollar
- POL/BTC increased by 5.69% today
- POL/ETH increased by 6.26% today
- Polygon is currently trading 18.66% below our prediction on Dec 07, 2024
- Polygon gained 94.91% in the last month and is down -24.09% since 1 year ago
| Polygon price | $ 0.621326 |
| Polygon prediction | $ 0.763817 (23.65%) |
| Sentiment | Bullish |
| Fear & Greed index | 81 (Extreme Greed) |
| Key support levels | $ 0.586061, $ 0.569175, $ 0.558722 |
| Key resistance levels | $ 0.613399, $ 0.623852, $ 0.640737 |
POL price is expected to rise by 23.65% in the next 5 days according to our Polygon price prediction
Polygon price today is trading at $ 0.621326 after gaining 5.83% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.79% in the same time period. POL performed well against BTC today and recorded a 5.69% gain against the world’s largest cryptocurrency.
According to our Polygon price prediction, POL is expected to reach a price of $ 0.763817 by Dec 07, 2024. This would represent a 23.65% price increase for POL in the next 5 days.
POL Price Prediction Chart
What has been going on with Polygon in the last 30 days
Polygon has been displaying a positive trend recently, as the coin gained 94.91% in the last 30-days. The medium-term trend for Polygon has been bullish, with POL increasing by 50.78% in the last 3 months. The long-term picture for Polygon has been negative, as POL is currently displaying a -24.09% 1-year price change. On this day last year, POL was trading at $ 0.818493.
Polygon reached its all-time high price on Dec 27, 2021, when the price of POL peaked at $ 2.91. The current POL cycle high is $ 1.56, while the cycle low is at $ 0.322074. POL has been displaying high volatility recently – the 1-month volatility of the coin is at 21.75. Polygon recorded 17 green days in the last 30 days.
Polygon technical analysis for today - Dec 02, 2024
The sentiment in the Polygon markets is currently Bullish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 0.586061, $ 0.569175 and $ 0.558722, while $ 0.613399, $ 0.623852 and $ 0.640737 are the key resistance levels.
Bullish sentiment for Polygon
25 indicators are currently signaling a bullish prediction for Polygon, while 5 indicators are showing a bearish forecast. With 83% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Polygon.
Crypto market is currently experiencing Extreme Greed
Currently, the Fear & Greed index is at 81 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Polygon moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Polygon is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.569026 (BUY) | $ 0.552336 (BUY) | - | - |
| MA5 | $ 0.565776 (BUY) | $ 0.541127 (BUY) | - | - |
| MA10 | $ 0.526552 (BUY) | $ 0.508483 (BUY) | - | - |
| MA21 | $ 0.457251 (BUY) | $ 0.460304 (BUY) | $ 0.407456 (BUY) | $ 0.461372 (BUY) |
| MA50 | $ 0.399690 (BUY) | $ 0.418832 (BUY) | $ 0.629780 (SELL) | $ 0.579921 (BUY) |
| MA100 | $ 0.402640 (BUY) | $ 0.425815 (BUY) | $ 0.712901 (SELL) | $ 0.688558 (SELL) |
| MA200 | $ 0.487075 (BUY) | $ 0.493279 (BUY) | $ 0.328311 (BUY) | $ 0.408929 (BUY) |
| Period | Value | Action |
| RSI (14) | 69.74 | NEUTRAL |
| Stoch RSI (14) | 60.95 | NEUTRAL |
| Stochastic Fast (14) | 93.63 | SELL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 17.61 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.13 | NEUTRAL |
| Momentum (10) | 0.16 | NEUTRAL |
| MACD (12, 26) | 0.01 | NEUTRAL |
| Williams Percent Range (14) | -6.37 | SELL |
| Ultimate Oscillator (7, 14, 28) | 69.31 | NEUTRAL |
| VWMA (10) | 0.56 | BUY |
| Hull Moving Average (9) | 0.59 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.45 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Polygon is at 69.74, suggesting that POL is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Polygon over the last 50 days. Currently, Polygon is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the POL closing price for the last 200 days. POL is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Polygon prediction
After considering the above factors, we can conclude that the current forecast for Polygon price prediction is Bullish. POL would have to increase by 23.65% to hit our $ 0.763817 target within the next five days. Moving forward, it will be important to monitor the POL market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Polygon price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
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