Technical indicators confirm severe oversold phase

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Polygon slides 7.09% to $0.1088 today

Highlights

POL trades at $0.1088, 7.09% lower and below its MA-20, MA-50, and MA-200, confirming persistent bearish momentum across all timeframes.
Momentum and oscillators signal deep oversold conditions, with RSI at 35.6, Stochastic RSI at zero, and CCI at -115.9, underscoring strong selling dominance.
The expected five-day range is $0.1075–$0.1241, with resistance at $0.1480 and a breakdown below $0.108 likely to accelerate further declines.

Bearish momentum expands as technical indicators flag oversold risks

Momentum indicators confirm strong bearish sentiment: the MACD signals a sell, the ADX at 25.6 points to an active downtrend, and oversold readings are evident on both the RSI (35.6) and the Commodity Channel Index (-115.9). The Stochastic RSI remains at zero, further highlighting deep oversold conditions, while the Bull/Bear Power favors sellers and the Awesome Oscillator echoes the negative bias. The Ichimoku Kijun at $0.1480 stands as the nearest dynamic resistance on the daily chart, with no notable support visible above the current price. The session also opened with a small gap down, and steady selling has kept prices close to daily lows amid elevated intraday volatility.

Downside scenario persists amid low rebound odds and volatility

In the coming five sessions, POL is likely to remain under pressure within a typical volatility band of $0.1075 – $0.1241. The probability of a rebound above $0.124 is less than 20%, and further losses remain the dominant risk if the price falls below $0.108. Barring a breakout, sideways movement between $0.108 and $0.124 is the baseline scenario, with the bearish case favoring an extension of the current oversold phase.

Viktoras Karapetjanc, expert at Traders Union, sees POL trading in a persistent bearish phase amid strong downside momentum. Despite deeply oversold technical readings, he points out that no immediate macro or sentiment drivers are present to lift demand. The analyst remains constructive, noting that oversold phases often precede relief moves. However, he believes buyers need a sustained reclaim of $0.124 before a new trend can start. "I remain alert for reversal signals, as extreme oversold conditions like these often spark short-term rebounds."

Last time, analysts noted that Polygon (POL) continues to face sustained bearish pressure, with the price trading well below key moving averages and oscillators highlighting prevailing weakness despite a bullish signal from the MACD. Short-term consolidation is likely within a narrow range, and further downside risk remains unless POL can achieve a decisive close above the nearest resistance levels.

Source of Data: POL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.