Polygon (POL) Poised For 44% Price Drop, Here’s Why
As X (previously Twitter), as the famous crypto experts reported on, the polygonal ecosystem (POL) has formed a strong drop in price action among the current market downturn, which indicates that prices have fallen sharply.
Polygon (POL) bold predictions in the market decline
Today, on January 30, 2025, experts pointed out that POL is at a price of 44 %, which may reach a level of $ 0.23.
However, this article on X has attracted widespread attention from the decline in price. The potential reason for this prediction is to see the formation of market emotions and daily scope of linter.
Polygon (POL) technical analysis and price action
According to the technical analysis of experts, with the recent price decline, POL violated the support of its decline in the triangle price action model, and successfully re -tested the breakthrough zone. According to the historical price momentum, if the level of POL is less than 0.45 US dollars, it is likely to decrease by 30 % to $ 0.29.
At present, POL’s daily transactions are less than 200 -level mobile average (EMA), which indicates that it is in a downward trend. On the negative side, the relative strength index (RSI) of the POL is standing above the area, which indicates that the asset has enough space to continue its future price decline.
Investors discovered dumping POL tokens
From the chain analysis company revealed, from the perspective of the price action and price forecast of the drop, it has been seen that investors and long -term holders have dumped token Small shopEssence Data from spot inflow/outflow show that the exchange has witnessed the inflow of 2.56 million US dollars POL In the past 24 hours.
In the cryptocurrency landscape, inflow refers to the flow of assets from the holder’s wallet to the exchange, which may issue signals for dumping and selling. However, it may cause sales pressure and cause further price declines.
Current price motivation
POL’s current transaction price is close to $ 0.40, and prices have risen more than 2.75 % in the past 24 hours. However, during the same period, its transaction volume increased by 15 %, which was lower than the previous day, and the participation rate of traders and investors was low.
