CandleFocus Is Polygon Crypto On The Verge Of A Bullish Rally? Analyst Weighs In
2024-11-21
Author: Content Editor
The crypto token Polygon (POL) is showing signs of potential price growth after breaking through a key resistance level of $0.44. Analysts expect a 50% increase in price, fueled by a surge in whale activity and an increase in trading volume. Despite facing challenges since its rebranding from MATIC to POL, Polygon is now drawing attention from investors as the altcoin market heats up. On-chain metrics, such as active addresses and transaction volume, indicate increasing market engagement and interest in POL. Whales have been accumulating POL tokens, and 81.60% of POL holders are currently not profitable, which could set the stage for a price rally. With a breakout above the $0.44 resistance level and positive technical patterns, experts are optimistic about further price increases for Polygon.
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