In this current market down, the Polygon Ecosystem (Pol) has formed a strong bearish price action, which suggests that a huge fall in price is en route, as reported by a prominent crypto expert on X (formerly Twitter).
Polygon (Pol) Bold prediction in the midst of Market Deputy
Today, January 30, 2025, while investigating the current prospects, the expert noted that Pol is about to be a price fall of 44%, which may reach the level of $ 0.23.
However, this post on X has received widespread attention from the crypto community because of the enormous prediction of the price fall. The possible reason for this prediction is the Bearish market sentiment and the formation of Bearish price action on the daily period.
Technical analysis of Polygoon (Pol) and price promotion
According to the technical analysis of experts, POL has broken the support of his falling triangular prize pattern with the recent price fall and Pol has successfully re -tested the Breakout area. Based on the historical price momentum, if Pol applies below the level of $ 0.45, there is a strong possibility that it can fall by 30%, achieving the level of $ 0.29.
Pol is currently being traded under the 200 exponential advancing average (EMA) on the daily period of time, indicating that it is in a downward trend. On the negative side, Pol’s Relative Steintex (RSI) is just above the over -sold area, which suggests that it has an active enough space to continue its price fall in the future.
Investors found dumping Pol -Tokens
Looking at the Beerarish price action and price forecast, investors and long -term holders have seen them dumping their tokens, as revealed by the uncleaning analysis company Coinglass. Data from the inflow/outflow of the place shows that exchanges have witnessed in the past 24 hours of an inflow of $ 2.56 million in Pol.
In the Cryptocurrency landscape, the inflow refers to the movement of assets of portfolios from holders to exchanges, which may mean dumping and sale. However, it has the potential to create sales pressure and to lead to further price fall.
Current price momentum
Pol is currently being traded in the vicinity of $ 0.40 and has witnessed a price destination of more than 2.75%for the past 24 hours. During the same period, however, the trade volume jumped by 15%, indicating a lower participation of traders and investors compared to the previous day.
Credit : coinpedia.org
