The Polygon (POL) ecosystem is experiencing a bearish price action, with a prominent crypto expert predicting a potential 44% price drop to reach $0.23. The expert notes that POL is currently trading below the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating a downtrend. The Relative Strength Index (RSI) suggests further price drop potential. On-chain analytics firm Coinglass reveals that investors and long-term holders are dumping their tokens, with exchanges seeing an inflow of $2.56 million worth of POL in the past 24 hours. POL is currently trading near $0.40 with a 2.75% price surge but lower trading volume compared to the previous day.



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