CandleFocus

Polygon’s Surge Past $0.6 Could Lead to a Massive Rally

Author: Content Editor
Despite struggling with poor price action in recent months, there are signs of change for Polygon (POL). The recent climb in price, along with only 15% of investors currently in profit, suggests that fewer people are cashing out, which could help drive prices higher. On-chain activity is also increasing, with new investors entering the market and whales accumulating POL tokens. However, the $0.6 resistance level remains a hurdle, and crossing it could trigger liquidation and price corrections. Despite this, the growing number of long positions and high open interest indicate continued bullish momentum and the potential for a significant rally if the resistance is cleared.

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