POL current price is 0.1047, down more than 86% from its all-time high. Looking at the candlestick chart, it appears like a straight ladder descending, with moving averages fully in a bearish alignment. This is not just a matter of low price but a complete liquidity exhaustion and confidence crisis—a true deep bear market.
**Where are the key levels?**
Resistance above is hard to break through. 0.1500 is a critical support level recently broken. The bottom of the oscillating platform at 0.3000 is now basically a pipe dream. What about below? The 0.1000 integer mark is the last psychological defense line. Once broken, POL will officially enter "hell" mode. Further down becomes a blind zone; such continuously declining coins are bottomed out gradually, not guessed.
**Volume is speaking**
The scariest thing is not the sharp decline but the feeling of being completely forgotten by the market. Continuous shrinking volume, persistent downtrend, no panic selling, and no buyers. Funds have lost interest in this project, like cutting meat with a dull knife, one slice at a time.
**How to operate**
Those still holding have little choice; cutting losses is also painful—assets have shrunk by nearly 90%, whether you sell or not is heartbreaking. Instead of fussing, better to hold tight. After all, POL is a token of Polygon, a top-tier public chain. If Layer 2 sector explodes or the project team implements a major economic model reform, there’s still a chance to turn around.
Those with no positions should not catch falling knives. This kind of trend is a bottomless pit. If you must enter, at least wait until the price consolidates around 0.1000 for more than 2 to 3 months, with volume picking up, then consider. Entering now just invites trouble; funds will be long-term wasted.
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FUD_Vaccinated
· 7h ago
Oh no, POL is just ridiculous like this. Cutting losses is painful, but not cutting losses is even more painful...
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Once 0.1000 is broken, it's really over. The feeling of no bottom is too despairing.
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This kind of shrinking volume and downward decline is the most tormenting, more exhausting than a crash.
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Holding Polygon tokens and betting on a turnaround, how brave do you have to be...
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Instead of holding on stubbornly, it's better to face reality. There are better places for your funds.
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This is a typical case of being completely out of options; no one cares about the rhythm of this coin.
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Let's wait and see. Anyway, it's already lost so much; how much worse can it get?
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Don't even think about 0.1000 anymore. Now jumping in makes you the bagholder at a high position.
View OriginalReply0
MetaverseVagabond
· 7h ago
Dull knives cut flesh, damn it, that hurts
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Hold on or cut? Both are losses, better to lie flat and wait for a rebound
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If that line at 0.1 breaks, I’ll completely give up
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No one is buying, so let’s not bother to catch the falling knife
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Polygon really needs to turn around, POL should have already surged back
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Shrinking volume and downward trend are the most terrifying, more hopeless than a crash
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Wait and see, since no one wants it anyway, let’s wait for three months of sideways movement
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86%, this guy’s writing is a bit heartbreaking
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Liquidity exhaustion says it all
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Don’t move, can’t move, moving only loses more
View OriginalReply0
VirtualRichDream
· 7h ago
86% ah, this knife is sharpened to perfection... just waiting for 0.1000 to break into hell
POL current price is 0.1047, down more than 86% from its all-time high. Looking at the candlestick chart, it appears like a straight ladder descending, with moving averages fully in a bearish alignment. This is not just a matter of low price but a complete liquidity exhaustion and confidence crisis—a true deep bear market.
**Where are the key levels?**
Resistance above is hard to break through. 0.1500 is a critical support level recently broken. The bottom of the oscillating platform at 0.3000 is now basically a pipe dream. What about below? The 0.1000 integer mark is the last psychological defense line. Once broken, POL will officially enter "hell" mode. Further down becomes a blind zone; such continuously declining coins are bottomed out gradually, not guessed.
**Volume is speaking**
The scariest thing is not the sharp decline but the feeling of being completely forgotten by the market. Continuous shrinking volume, persistent downtrend, no panic selling, and no buyers. Funds have lost interest in this project, like cutting meat with a dull knife, one slice at a time.
**How to operate**
Those still holding have little choice; cutting losses is also painful—assets have shrunk by nearly 90%, whether you sell or not is heartbreaking. Instead of fussing, better to hold tight. After all, POL is a token of Polygon, a top-tier public chain. If Layer 2 sector explodes or the project team implements a major economic model reform, there’s still a chance to turn around.
Those with no positions should not catch falling knives. This kind of trend is a bottomless pit. If you must enter, at least wait until the price consolidates around 0.1000 for more than 2 to 3 months, with volume picking up, then consider. Entering now just invites trouble; funds will be long-term wasted.