Polygon's Ecosystem Token (POL) has recovered from a price dip on February 3, with the token consolidating above the $0.28 low. However, the uptrend has been stalled by resistance at $0.32 and price action is currently stagnant with the presence of doji candlesticks. The token is facing bearish exhaustion and a break above the 21-day SMA resistance is needed for the uptrend to resume. On the downside, if the $0.28 support is breached, the downtrend will resume. At the time of writing, POL is valued at $0.292. The market direction is unclear and further declines are unlikely as the price has already fallen to its lowest point.



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