🚨 93% POL Holders Face Losses! Time to Panic or Profit? 🚨
- Whale Dumps 5.64M POL: Will Buyers Step Up? 🦄
- Fading Retail Interest Suggests POL Struggles 💔
Polygon [POL] takes a nosedive as a whale offloads tokens, leaving investors unsure if support will hold or break further. Whale sells 5.64M POL worth $2.28M to Coinbase, a $1.32M loss after accumulation for $3.6M over two months.
Will Support Hold or Break for POL? 💪
POL price at $0.411 shows a 3.13% increase in 24 hours but breaks below critical demand zone at $0.45, signaling bearish pressure. Descending wedge pattern/bearish momentum unless buyers reclaim higher levels.
Are POL Holders Facing More Losses? 📉
On-chain data reveals 93.51% of POL holders remain out of the money. Only 4.58% in profit, indicating weak investor confidence. Bulls must break resistance at $0.43 – $0.45 to shift momentum but failure could lead to more selling pressure.
Is Network Activity Declining for Polygon? 📉
New and active addresses fall 58.67%/44.34% over the past week, suggesting weakening user engagement. Reduced demand for POL could make recovery harder, and non-rebounding activity could hinder upward momentum.
Large Investors Still Buying POL? 🤨
Polygon transactions between $100K and $1M surge 620% while transactions under $100 drop, showing fading retail interest. Retail traders key in sustaining rallies, and absence could delay recovery, without strong retail participation, POL may continue facing downward pressure.
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2025-01-29 05:13