Polygan (POL) has faced challenges in recent weeks with attempts to rise. Fluctuations in Bitcoin (BTC) have affected Polygan, but it hasn’t shown significant growth during Bitcoin’s price increase. According to analyst Ali Martinez, Polygan’s price has fluctuated between $0.414 and $0.531 since December 2024. Further analysis indicates that Polygan is in a downtrend channel, with prices registering lower lows and highs over the past month. Indicators like the Awesome Oscillator suggest a dominant downward momentum, while the Chaikin Money Flow (CMF) reaching -0.15 indicates strong selling pressure. Support levels at $0.418 and $0.414 can act as crucial points. Capital flows have decreased since mid-December, with a 5.9% price drop in three days following inflows on January 21. This suggests prevailing downtrend or price stabilization conditions. Polygan traders should act cautiously and refrain from long-term trades until bullish conditions emerge. A daily candle closing above $0.507 and $0.646 could signal entry points for swing traders. Visit the digital currency price page for real-time token and cryptocurrency prices.
