bullish

Polygon

<p>The crypto analyst Ali Martinez identifies three technical signals suggesting a potential major rise in the price of Polygon (POL), despite an overall pessimistic market sentiment. This forecast comes as the token already shows a 17% increase over the last month.</p>
<h2 id="h-des-indicateurs-techniques-convergent-vers-une-reprise">Technical indicators converge towards a recovery</h2>
<p>The <a href="https://www.cointribune.com/en/polygon-matic-surges-743-in-24-hours-on-ethereum-etf-wave/" target="_blank" rel="noopener noreferrer nofollow">price of Polygon</a> (POL) is currently trading at $0.4375, marking a 1.65% increase over 24 hours. Technical analysis expert Ali Martinez highlights three key elements supporting a recovery scenario: a confirmed rebound on the axis of the chartist triangle, a bullish crossover of the stochastic oscillator, and a MACD preparing to generate a buy signal on the bi-weekly chart.</p>
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<p>This <a href="https://ambcrypto.com/polygon-3-key-factors-that-could-trigger-a-hated-rally-for-pol/" target="_blank" rel="noopener noreferrer nofollow">cocktail of technical indicators</a> could catalyze what Martinez refers to as a “hated rally” – a price increase occurring while the majority of investors remain skeptical, causing them to miss the early phases of the bullish movement.</p>
<p>The analyst emphasizes that this type of configuration is particularly interesting as it often leads to superior returns, with the market frequently moving counter to the prevailing sentiment.</p>
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<h2 id="h-les-donnees-on-chain-confirment-l-accumulation-crypto">On-chain data confirms crypto accumulation</h2>
<p>Blockchain metrics corroborate this <a href="https://www.cointribune.com/en/crypto-ethernity-cloud-and-polygon-join-forces-to-reinvent-privacy/" rel="noopener noreferrer nofollow">optimistic perspective</a>.<a href="https://www.cointribune.com/en/crypto-ethernity-cloud-and-polygon-join-forces-to-reinvent-privacy/" target="_blank" rel="noopener noreferrer nofollow"></a> The POL supply ratio on exchange platforms has dropped to 0.0072, its lowest level in three months, signaling an accumulation movement from investors withdrawing their tokens from exchanges.</p>
<p>Even more revealing, the net flow ratio of “whales” has shifted from +3917% to -55%, indicating that large holders are intensifying their purchases by massively withdrawing their POL from trading platforms. Historically, this behavior often precedes phases of significant price increases.</p>
<p>If this momentum continues, the <a href="https://www.cointribune.com/en/?p=710635" rel="noopener noreferrer nofollow">next technical target</a><a href="https://www.cointribune.com/en/?p=710635" target="_blank" rel="noopener noreferrer nofollow"> </a><a href="https://www.cointribune.com/en/?p=710635" rel="noopener noreferrer nofollow">is at $0.46</a>, before a major resistance zone around $0.57 that will require significant trading volume to be surpassed.</p>

Crypto: Three Signals That Signal An Explosion Of Polygon

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