Polygon ticks up as RSI and CCI issue Sell signals: weekly review

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Polygon advances 1.67% this week

Highlights

POL remains under sustained bearish pressure, trading below major medium- and long-term moving averages with no technical buy signals confirmed.
Momentum indicators and oscillators, including MACD and RSI, continue to favor sellers without signs of oversold capitulation or reversal.
POL is expected to trade in a $0.0850 to $0.0980 range; probability of upside breakout is low, with further downside risk if $0.0850 support fails.

Seller dominance persists as weekly momentum signals remain bearish

On the weekly chart, POL’s position below both MA-20 and MA-50 confirms sellers are in control, with MA-20 acting as the closest dynamic resistance. Weekly momentum indicators continue to signal bearish conditions: MACD and ADX remain negative, while RSI and CCI both issue Sell signals but do not show oversold levels. Stochastic RSI is neutral and Bull/Bear Power backs up the dominance of sellers. Key support is at $0.0850, with resistance at $0.0980, and weekly volatility measured at 7.32%.

Limited upside expected as rangebound trading persists next week

Looking ahead to the next 7 days, POL is expected to remain rangebound between $0.0850 and $0.0980 based on W1 trend and volatility. The odds of a sustained move higher are less than 20% as none of the four major weekly indicators suggest a buying opportunity. Baseline scenario is continued sideways trading, while a bullish reversal would need a weekly close above MA-20 ($0.0980). A decisive break below $0.0850 could trigger a retest of yearly lows.

Parshwa Turakhiya, analyst, notes that Polygon (POL) ended the week with mild gains, but remains technically constrained below its key moving averages. He sees clear dominance by sellers as momentum indicators hold bearish, with no meaningful shift in sentiment given the absence of influential news flows. Over the coming week, the analyst expects price action to stay within the $0.0850 to $0.0980 range, as none of the major indicators suggest a change in direction. He believes bullish conviction is lacking and that sideways or lower trading is the default scenario. "Unless we see a decisive weekly close above $0.0980, I remain neutral and focused on capital protection within the established range."

Earlier, analysts noted that Polygon was likely to remain under persistent bearish pressure, with momentum indicators discouraging a near-term reversal. The current analysis reinforces this outlook, highlighting that sellers remain in control and that a sustained move above $0.0980 will be a key signal to monitor for any shift in trend.

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

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