Polygon's Price Drama: Will It Plunge to $0.23 or Soar Like a Whale? 🐋💸

POL has decided to play nice for a hot second, recovering by a whopping 1.22%. 🎉
And guess what? The Polygon whales are back in town, hoarding the dip like it’s Black Friday! Their inflow has surged by 3624.46%. 🐳💰

So, here we are, folks. Since hitting a glamorous $0.76 in December 2024, Polygon [POL] has been on a downward spiral, like a sad balloon losing air at a kid’s birthday party. 🎈

It’s now lounging at a low of $0.38, which is a 10.42% drop over the past month. Ouch! 😬

This ongoing downtrend has analysts buzzing like bees in a flower shop. Our favorite crypto guru, Ali Martinez, has thrown out a spicy prediction: a potential correction that could send POL down to $0.23. Yikes! That would be a three-month low. 📉

According to him, if we see a breakdown from this sad little descending pattern, it’ll confirm that the bearish vibes are here to stay. 🥴

What POL charts suggest

Despite the doom and gloom, Polygon is giving us a glimmer of hope with a short-term recovery. It’s like that one friend who always shows up to the party, even when they’re not invited. 🎊

As of now, Polygon is trading at $0.4053, which is a 1.22% recovery. Not too shabby! 💪

We can see this short-term recovery thanks to POL’s recent bullish crossover, which is like a sign that the sellers are finally tired and the buyers are ready to party. 🥳

This is further backed up by a rising RSI, which has jumped from 33 to 38, signaling that buying pressure is on the rise. Go, team, go! 📈

And let’s not forget about our whale friends! The large holder’s netflow has spiked by 3624.46%, going from 1.84 million to a jaw-dropping 68.53 million. Talk about a whale-sized appetite! 🐋

This massive upswing means more whale capital is swimming into the asset. When the whales are happy, it usually means they’re feeling bullish and expect a price recovery. 🤑

Plus, Polygon is becoming as scarce as a good parking spot in a crowded city, with the stock-to-flow ratio rising to 1.43 million. Most investors are hoarding their POL tokens like they’re the last slice of pizza. 🍕

So, yes, we can confirm that whales are actively accumulating the asset. They’re not just swimming around for fun! 🐳

Read Polygon’s [POL] Price Prediction 2025–2026

Finally, with Polygon’s MVRV ratio still in the negative zone, it’s like a clearance sale for whales who think the altcoin is undervalued after this dip. 🏷️

In simple terms, while Polygon is feeling the pressure, it’s also hinting at a potential short-term recovery. If it plays its cards right, POL could reclaim $0.44, and if it’s really lucky, we might even see a move to $0.47. Fingers crossed! 🤞

2025-01-30 21:14

Polygon’s Price Drama: Will It Plunge to $0.23 or Soar Like a Whale? 🐋💸

What POL charts suggest

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