Polygon (POL) Rally Hinges on $0.37, $0.38 Support Levels

Polygon whales accumulate 140M tokens ($56M) in 4 days, driving a 17.45% monthly gain.

Key Statistics:

- POL price: $0.4348.
- 24-hour change: 2.89%.
- Monthly gain: 17.45%.
- Whales' accumulation: 140M tokens ($56M) in 4 days.

Technical Analysis:

- Support levels: $0.375, $0.386.
- Resistance level: $0.57.
- RSI: 60 (growing buying pressure).
- ADR: 1.47 (growing optimism).

On-Chain Metrics:

- Whale activity: Rising accumulation.
- MVRV long/short difference: Rising (-2.37 to -1.25).
- Large holders' confidence: Increasing.

Potential Outcomes:

- Holding support levels: Sustained rally.
- Breaking $0.57 resistance: Further gains.
- Failure to hold support: Bearish reversal.

Predictions:

- Short-term: $0.47-$0.57 (bullish targets).
- Long-term: Continued growth and adoption.
- Market sentiment: Bullish.

Monitor POL's technicals, on-chain metrics, and market sentiment to confirm sustained momentum and potential pullbacks.