Polygon (POL) is preparing for a decrease in the price of 44 %. Here is the reason

However, this post on X has gained widespread attention from the encryption community due to its massive prediction. The potential reason for this prediction is the feeling of the declining market and the formation of the declining prices on the daily time frame.

Polly technical analysis (POL) and prices

According to expert technical analysis, with the recent low prices, POL violated the support style of the descending triangle price and was successfully tested by the hack area. Based on the historical price momentum, if the POL is less than $ 0.45, there is a strong possibility that can decrease by 30 %, and reaches a level of $ 0.29.

Nowadays, the EMA is trading on the daily time frame, indicating that it is in a declining direction. On the downside, the RSI relative strength index stands directly above the direct selling area, indicating that the assets have enough space to continue to decrease prices in the future.

Investors found Paul’s symbols

Given the work of the declining prices and the prediction of prices, investors and their holders were seen in the long run while they were throwing their symbols, as the analysis company revealed the series Coinglass. Data from immediate external flow/flow that exchanges have seen a $ 2.56 million flow of Paul in the past 24 hours.

In the scene of the encrypted currency, the flow indicates the movement of assets from the governor of the owners of the governor to exchanges, which may indicate the delivery and sale. However, it has the ability to create the pressure pressure and leads to a further decrease in prices.

Current price momentum

POL is currently trading near $ 0.40 and has witnessed an increase in prices of more than 2.75 % over the past 24 hours. However, during the same period, the trading volume jumped by 15 %, indicating a decrease in participation from merchants and investors compared to the previous day.