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The crypto analyst Ali Martinez identifies three technical indicators suggesting a possible main rise within the value of Polygon (POL), regardless of an general pessimistic market sentiment. This forecast comes because the token already reveals a 17% improve during the last month.
Technical indicators converge in the direction of a restoration
The price of Polygon (POL) is at present buying and selling at $0.4375, marking a 1.65% improve over 24 hours. Technical evaluation skilled Ali Martinez highlights three key components supporting a restoration state of affairs: a confirmed rebound on the axis of the chartist triangle, a bullish crossover of the stochastic oscillator, and a MACD making ready to generate a purchase sign on the bi-weekly chart.
This cocktail of technical indicators might catalyze what Martinez refers to as a “hated rally” – a value improve occurring whereas nearly all of buyers stay skeptical, inflicting them to overlook the early phases of the bullish motion.
The analyst emphasizes that such a configuration is especially fascinating because it usually results in superior returns, with the market often shifting counter to the prevailing sentiment.
On-chain information confirms crypto accumulation
Blockchain metrics corroborate this optimistic perspective. The POL supply ratio on exchange platforms has dropped to 0.0072, its lowest level in three months, signaling an accumulation movement from investors withdrawing their tokens from exchanges.
Even more revealing, the net flow ratio of “whales” has shifted from +3917% to -55%, indicating that large holders are intensifying their purchases by massively withdrawing their POL from trading platforms. Historically, this behavior often precedes phases of significant price increases.
If this momentum continues, the next technical target is at $0.46, earlier than a serious resistance zone round $0.57 that may require important buying and selling quantity to be surpassed.
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Passionné par le Bitcoin, j’aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l’outil qui peut rendre cela attainable.
DISCLAIMER
The views, ideas, and opinions expressed on this article belong solely to the creator, and shouldn’t be taken as funding recommendation. Do your individual analysis earlier than taking any funding selections.
