POL Technical Outlook: Is This Bounce the Real Reversal — or Just a Dead-Cat Bounce?
Polygon (POL) rebounded sharply from the $0.1000 demand zone, posting an 11% daily gain after three consecutive weeks of selling pressure that erased roughly 21% of its value. This bounce offers short-term relief, but the broader trend remains fragile.
On the daily chart, EMA 50, 100, and 200 are still sloping downward, confirming that bearish structure is intact. For bulls to regain control, POL must break and hold above the 50-day EMA at $0.1273. A successful reclaim could open upside continuation toward the 100-day EMA at $0.1422, followed by the 200-day EMA near $0.1743 — a critical long-term trend filter.
Momentum indicators are starting to stabilize. MACD is compressing toward a bullish crossover, although still below the zero line, signaling weakening bearish momentum rather than a confirmed trend reversal. Meanwhile, RSI has rebounded to around 40 from oversold levels, suggesting selling pressure is easing — but not gone.
⚠️ Bearish risk remains. If POL fails to hold above $0.1100, price could revisit the psychological $0.1000 support. A decisive breakdown there would expose $0.0691 (S1 Pivot) as the next major downside target.
📌 Long-Term Trade Scenarios (Not Financial Advice)
🟢 Long-Term Buy (DCA Style)
Entry zone: $0.1000 – $0.1050
Stop-loss: $0.0680
Take Profit targets:
TP1: $0.1420
TP2: $0.1740
TP3: $0.2200+
🔴 Long-Term Sell (If Breakdown Occurs)
Sell trigger: Daily close below $0.0980
Stop-loss: $0.1120
Take Profit: $0.0700 – $0.0650
💬 So what do you think — is POL forming a long-term bottom, or is this just a temporary relief rally before another leg down?
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