Polygon’s woes deepen as THIS flashes oversold – What now? 

Quick Summary:

If buyers consider the oversold RSI an ideal entry point, it could result in a bullish reversal, pushing the price to $0.

In fact, the ADX line is rising, an indication that the ongoing bearish trend is growing strong and POL could drop to the 1.618 Fibonacci level ($0.416).

Moreover, Polygon’s monthly dApp volumes are still down by 37%, suggesting that the long-term outlook remains bearish.

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Article Details

Author / Journalist: Muthoni Mary

Category: Crypto

Markets: United States

Topics: Ambcrypto Polygon Altcoin News Social Trading View News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 16:00:45 (1 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 551 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 24978765

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 13 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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