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In this constant fall in the market, the Polygon Ecosystem (Pol) has formed a strong teddy bear price, suggesting that there is a huge drop in prices along the way, as the reputable crypto expert for X (earlier Twitter) reported.
Polygon (half) bold prediction in the middle of the market fall
Today, January 30, 2025, while examining the current odds, the expert noted that half was on the edge of the price drop of 44%, which could reach a level of $ 0.23.
However, this post on X has attracted a wide attention of the crypto community because of the enormous prediction of falling. The potential reason for this prediction is the bears market mood and creating bear prices on a daily time frame.
Poligon (Pol) technical analysis and price actions
According to a professional technical analysis, with a recent price drop, Pol broke the support of his actions of a sample of the triangle price and successfully tested the breakthrough area again. Based on the historical momentum of the price, if a half holds below $ 0.45 level, there is a high possibility that it could drop by 30%, reaching a level of $ 0.29.
Currently, a half is traded below 200 exponential moving average (EMA) on a daily time frame, indicating that it is in the fall. On the negative side, a half -O’s relative power index (RSI) stands just above the resale area, suggesting that the property has enough room to continue the fall in prices in the future.
Investors found dumping pole tokens
Looking at bear price actions and prices prediction, investors and long -term owners were seen throwing their tokens, which was discovered by an analytics company on the chain Coingling. The data from the video inflow/outflow shows that the stock markets have witnessed a half of $ 2.56 million in the last 24 hours.
In the landscape of cryptocurrencies, the inflow refers to the movement of the property from the Holders wallet to the exchange, which potentially signifies rejection and sale. However, it has the potential to create sales pressure and lead to further fall in price.
Current momentum of prices
Half is currently traded close to $ 0.40 and testified to the increase in prices of over 2.75% in the last 24 hours. However, during the same period, his trading volume jumped by 15%, indicating lower involvement of merchants and investors compared to the previous day.
