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Polkastarter buyers are in charge at press time. In a bullish breakout formation, POLS could edge higher towards $1.11 in a retest following deep losses from April highs.
Past Performance of Polkastarter
The Polkastarter token price is charging higher when writing. It is up 27 percent versus the USDT in the past 24 hours. The POLS technical analysis in the daily chart shows that the coin is breaking out above a critical resistance line.
Polkastarter Technical Analysis
Buyers are in the driving seat from the POLS coin candlestick arrangement in the daily chart. With rising trading volumes and a wide-ranging bull bar, traders can buy the dip above $0.70. However, there are still opportunities above the middle BB providing entries for buyers should price correct further from spot rates. Although prices are edging higher, there are hints of selling pressure following the long upper wick. Still, this doesn’t nullify the current development, which places buyers at the fore. As POLS coin prices rally, buyers should target $1.11—the lows of March 2022.
What to Expect from POLS?
Clearly, from the daily chart, POLS buyers are in the driving seat, and prices could continue edging higher. As such, every low could provide entries as long as prices trend above the middle BB.