Analysis of $POL Based on Gann Methodology :-
1. Time and Price Context:
- Listing Date: September 13, 2024.
- Initial Peak: $1, marking the start of a downtrend.
- Bottom: $0.2855 on November 3, 2024.
- New Peak: $0.4257 on November 10, 2024, following a sharp rebound.
- Reason for Selecting January 29, 2025:
This date marks the end of a significant Gann time cycle, making it a crucial point to evaluate the coin’s performance and predict potential price targets.
2. Analysis According to Gann:
Phase 1: The Downtrend
- From $1 to $0.2855:
Duration: 51 days (September 13, 2024, to November 3, 2024).
This phase reflects a strong bearish trend, with the coin losing approximately 71.5% of its value.
Phase 2: The Short-Term Uptrend
- From $0.2855 to $0.4257:
Duration: 7 days (November 3, 2024, to November 10, 2024).
This phase shows rapid recovery, with a daily increase of $0.02003.
Current Trend and Zonal Movement
From November 4, 2024, the coin's price started moving above Gann angle 1/1, fluctuating between 3/1 and 4/1, indicating strong bullish momentum.
3. Future Price Projection Based on Gann:
- Fluctuation Between 3/1 and 4/1 Angles:
Given the current behavior, the daily increase rate reflects this fluctuation:
(Average Daily Increase = $0.0094255/day).
- Projected Price on January 29, 2025:
$0.4257+ (79 days × $0.0094255) = $1.5472.
4. Note:
The projected target of $1.5472 by January 29, 2025, is conditional on the price remaining above the 3/1 and 4/1 angles throughout the time period.
5. Conclusion:
Based on my Gann analysis:
- POL is demonstrating strong bullish momentum, consistently moving above key Gann angles (3/1 and 4/1).
- By January 29, 2025, the expected price is approximately $1.5472, provided the price holds above these critical angles.
This analysis aligns with Gann’s principles, ensuring a balance between time and price for achieving new highs. #AltCoinRush #BTCNear82k #Polygone
