POL's performance over the past 24 hours, to be honest, has been a repeated grind at low levels with no clear pattern. The current price hovers around $0.14, bouncing between $0.126 and $0.15, unable to break out of a direction.

Trading volume hasn't shrunk; spot trading still reaches several tens of millions of dollars daily, indicating that funds are indeed moving in and out at this level. But the problem is, volume alone is meaningless; what really matters is a solid bullish candle. From the news side, the Polygon network's ecosystem upgrade plans (like the Gigagas roadmap) sound promising, but the market currently doesn't buy into that. Mainly, it follows the overall market sentiment, which remains quite cautious.

Looking at the contract data, the long-short ratio is slightly tilted towards the bulls, but the momentum to push prices higher is simply not enough. Over the past day, liquidation amounts have only been in the range of a few thousand to a few million dollars. Interestingly, short-term long liquidations are even higher, indicating significant pressure on chasing longs, making it easy to get trapped.

The current situation is like this: no strength to push up, and no room to fall further—just oscillating back and forth.

If you really want to participate, the only option is to take small positions and trade within the range, setting proper stop-losses. If you truly want to wait for a big move, you'll need to see when POL can break through key resistance levels strongly, or when the ecosystem can deliver truly substantial positive news. Otherwise, just keep grinding along with the market.