In this slowdown in the current market, the polygone ecosystem (POL) has formed a high bearish price action, suggesting that a massive drop in prices is underway, as reported by an eminent crypto expert on X (formerly Twitter).
Polygon (POL) daring prediction in the middle of the slowdown in the market
Today, on January 30, 2025, while examining the current perspectives, the expert noted that POL is on the verge of a price drop of 44%, potentially reaching the level of $ 0.23.
However, this post on X drew the attention of the cryptographic community because of its massive prediction of lower prices. The potential reason for this prediction is the feeling of the lower market and the formation of a lower price action on the daily time.
Polygon (POL) Technical analysis and price action
According to an expert technical analysis, with the recent drop in prices, Pol has violated the support of his model of the price of the downstream triangle and managed to retest the rupture area. Based on historical price dynamics, if POL is below $ 0.45 level, there is a high possibility that it can drop by 30%, reaching the level of $ 0.29.
Currently, Sol is negotiated below the exponential mobile average (EMA) on the daily time, which indicates that it is in a downward trend. On the negative side, the relative force index of Pol (RSI) is located just above the occurrence zone, which suggests that the asset has enough space to continue its drop in prices in the future.
Investors have found discharge police tokens
Looking at the lower price action and prices prediction, investors and long -term holders were seen pour their tokens, as the analysis company reveals Clever. The influx / projection output data show that exchanges have experienced an influx of $ 2.56 million Police In the past 24 hours.
In the cryptocurrency landscape, Flow refers to the movement of the portfolios of exchanges in exchanges, which potentially signals the spill and sales. However, it has the potential to create sales pressure and cause an additional price drop.
Current price momen
Pol is currently negotiating almost $ 0.40 and has witnessed a price increase of more than 2.75% in the last 24 hours. However, during the same period, its negotiation volume jumped 15%, indicating a lower participation of traders and investors compared to the day before.