POL price steadies around $0.107 with RSI neutral and consolidation favored unless $0.102 support fails – weekly report
Polygon (POL, formerly MATIC) ended the week trading just above the weekly MA-20 at $0.1045, posting a decline from last week’s open and showing a negative movement in both absolute and percentage terms. POL remains below its weekly MA-50 at $0.1188 and the MA-200 at $0.1707, highlighting near-term support but persistent medium- and long-term bearish momentum.
Highlights
- POL trades just above the MA-20 ($0.1045), but remains below the MA-50 ($0.1188) and MA-200 ($0.1707), signaling dominant medium- and long-term bearish pressure.
- Momentum remains mixed; daily MACD is neutral, ADX suggests a weak trend, and intraday signals are bearish despite daily indicators showing buyer interest.
- Forecast for the next five days sets POL’s range at $0.102–$0.112 with over 80% probability of further downside, while a bullish reversal requires breaking above $0.112.
Whale selling and liquidity shifts drive sentiment during the week
During the recent week, large holders of POL reduced their positions, with whales selling a total of 210 million tokens. This activity reflects notable trading and liquidity events that have drawn attention within the Polygon ecosystem. The ongoing movement also underscores significant shifts in market participation.
Consolidation persists as weekly signals shift to neutral after volatility
On the weekly timeframe, POL trades in a narrow band just above the MA-20 ($0.1045), while the MA-50 ($0.1188) acts as dynamic resistance and the MA-200 ($0.1707) remains well above current levels. Weekly support emerges near the Ichimoku Kijun level around $0.1014, with resistance at the MA-50. The RSI (W1) stands at 50.0 and offers slight buying potential, but other weekly momentum signals are mixed or neutral, reflecting overall indecisiveness. Weekly indicators suggest the asset is consolidating after high volatility, with neither buyers nor sellers clearly in control.
Sideways range forecast as trend hinges on break of key levels
Looking ahead to the next 5–7 trading days, W1 indicators point to a likely sideways movement for POL between $0.102 and $0.112, with a strong probability of further downside if support near $0.102 fails. The baseline scenario favors consolidation within this range, while any bullish move would require a close above $0.112. Continued high volatility is expected, and a clear trend may only emerge if the price breaks decisively above resistance or below core support levels.
Previously it was reported that Polygon (POL) is currently exhibiting short-term support above its 20-day moving average, but remains constrained by medium- and long-term bearish trends below its 50- and 200-day moving averages. Momentum and oscillator signals are mixed, with intraday bullish attempts offset by overbought readings and weak overall momentum, suggesting further downside risk while support near $0.1010 remains pivotal.
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