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- Pol has achieved a basic recovery in the past 24 hours, hiking by 1.22%.
- Polygon whales began to accumulate DIP with increasing tributaries of large holders by 3624.46%.
Ever since he reached $ 0.76 in December 2024, Polygon (half) He traded on a descending channel, making lower high and lower lowest.
During this period, Pol rejected a low $ 0.38. This has marked a drop of 10.42% in the last month.
This permanent fall left analysts to talk. To the extent, the popular crypto analyst But Martinez He suggested potential correction.
Source: x
In his analysis, Martinez noted that half could be on the verge of 44% correction at $ 0.23. Such a correction will result in a polygon to hit 3 months.
According to him, the breakdown of a designing sample will confirm the continuation of the bear structure.
What a half of the scales suggest
Although the polygon is currently facing strong pressure down, Altcoin signals a short -term recovery.
In fact, from this writing, Polygon traded at $ 0.405. This indicated 1.22% of the recovery on the daily scales.
Source: TraringView
We can see this short-term recovery from Pol’s recent bull Crossover, which showed the strengthening of the momentum. This crossover implies that the sellers are exhausted and that customers enter the market.
This scenario is further confirmed by the growing RSI, which has reversed from 33 to 38 signaling of increased purchase pressure.
Source: Intotheblock
This purchase pressure is largely led by polygon whales, as evidenced by the Netflow large owner, who increased 3624.46% at the time of the press from 1.84 million to 68.53 million.
Such a huge rise implies that more capital of the whale enters the property. When the tuft of the whale dominates, it reflects bull feelings because they anticipate the recovery of prices.
Source: Santiment
In addition, Polygon has constantly become scarce, and the ratio of stock and flow increased to 1.43 million. This suggests that most investors who acquire property accumulate by storing a half of tokens in a cold warehouse.
Therefore, we can confirm that whales actively accumulate property.
Source: Santiment
Read the prediction of polygon prices (Pol) 2025–2026
Finally, with the MVRV polygon ratio still in the negative territory, it offers the opportunity to buy because whales perceive that Altcoin is underrated after this fall.
Simply put, although the polygon had a strong pressure down, Altcoin signaled a potential short -term recovery. If this is the case, half could regain $ 0.44, and if that level is held, the transition to $ 0.47 is a possibility.
