Polkastarter Technical Analysis | Price Prediction | Cryptoknowmics
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Polkastarter is a blockchain platform designed to provide an easy-to-use launchpad for cross-chain token pools and auctions. It is most commonly used by early-stage blockchain projects that want to raise capital and easily distribute their tokens at the same time.
Let us take a look at the technical analysis of POLS.
The price of the POLS saw an appreciation by 7.02% in the last 24 hours, the price of POLS for today is $2.03 with a 24-hour trading volume of $44,825,329 USD. The circulating supply of the token being 81,301,332 POLS coins.
The bulls of the POLS token are on the cusp of rewinding the losses incurred on September 7 in the continuation of July and August 2021 gains.
While the GRT/USDT prices oscillate between $1.3 and $2.2, we see the buyers in control. The technical analysis on the other hand suggests an increase in the selling pressure.
The bulls have a chance if the price breaks above the $5 mark.
For buyers to take charge, there must be concerted efforts to push for a close above the primary trend line and $5, as aforementioned. The first POL buy target is to be set at $8. Liquidation below $3 may trigger a sell-off towards $2.
Technical candlestick arrangement highlights inclination towards the bearish trends in the immediate course.
Also, reversal of April 10 gains and losses below $3 could see the POLS/USDT price slump towards $2.
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