Polkastarter is a newly developed decentralized exchange (DEX) in the Polkadot ecosystem that aims to facilitate interoperability between blockchains.
Decentralized financial protocols allow companies to conduct fundraising through cross-chain token groups with high security guarantees.
The scaling solution by Polkadot ecosystem can give users the experience in receiving transaction confirmation very fast and cheap.
This is because it has been designed as a solution to the slow Ethereum network.
POLS is a ‘native token’ to Polkastarter which is used as payment for transaction costs and was just launched on the Binance platform on 19 May 2021.
Based on the POLS/USDT chart, the POLS price movement has jumped more than 50% at the end of the June market after reaching the $ 0.90- $ 1.0 support zone.
With the surge as well, it has supported the POLS price to re-test the SBR (support become resistance) level around $ 1.55 before declining to the RBS (support become resistance) zone at the $ 1.20- $ 1.30 price level again.
The higher price increase is expected to retest the SBR $ 1.55 level as previously achieved.
The next SBR zone around $ 1.80- $ 1.90 will be the focus level to test and will give a clear signal for the price movement to continue the bullish trend.
If the POLS price fails to maintain its uptrend, the $ 0.90- $ 1.0 support zone will re-target.
A lower price decline will break the $ 0.90- $ 1.0 support zone and will resume the downtrend.
As of 5.00pm local time, the POLS price jumped over 4% and traded at a price level of around $ 1.30.
