POL has surged 60% following a breakout from a prolonged bearish trend, reaching near the $0.18 resistance level. The rally was marked by a decisive break above a descending trendline, which had previously seen sustained selling pressure. This breakout, supported by rising trading volumes exceeding $600 million, indicates strong market participation and a shift in market dynamics. Despite the rapid gains, technical indicators suggest a potential cooling phase as the price approaches the $0.18 to $0.19 resistance zone. A TD Sequential "9" sell setup has appeared, signaling possible short-term hesitation. However, as long as POL maintains higher lows and holds above the former trendline, the bullish trend remains intact. A retracement to $0.16 or $0.15 could be constructive, provided support levels are maintained.
POL Price Surges 60% Amid Breakout, Faces Resistance at $0.18
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