Elite

when

Polygon

<p>Ali Martinez likes to dive in into details when it comes to popular coins and make viral and shocking price predictions. <a href="https://x.com/ali_charts/status/1861009482093883409" target="_blank" rel="noopener noreferrer nofollow">His most latest one</a> is about Polygon (POL).</p>
<p>The crypto landscape for Polygon tells a compelling story of potential. Currently, 81.60% of POL holders are ‘out of the money’, with only 15.11% in profit. This unusual scenario could actually signal an impending disbelief rally. On-chain metrics are showing promising signs – daily active addresses, transaction volume, and whale activity are all on the rise. Notably, whales have been particularly aggressive, recently purchasing over 140 million POL tokens.</p>
<p>Digging into the numbers reveals some fascinating insights. Whales have been quietly but aggressively accumulating, scooping up over 140 million POL tokens. The on-chain metrics are showing signs of life too – more active addresses, increased transaction volume, and notable whale activity are painting an intriguing picture.</p>
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<p>Martinez’s technical analysis suggests Polygon is consolidating in a multi-year descending triangle. The MACD indicator is showing intriguing signals, with potential crossover points suggesting a possible trend reversal. The multi-year descending triangle pattern is particularly significant, with the converging trendlines creating a compression zone that could lead to a breakout.</p>
<h3 class="wp-block-heading" id="polygon-pol-price-forecast">Polygon (POL) Price Forecast</h3>
<p>The critical breakthrough point is a weekly close above $0.7973, which could potentially trigger a significant <a href="https://captainaltcoin.com/polygon-pol-could-stage-the-most-hated-rally-as-bullish-signals-mount/" target="_blank" rel="noopener noreferrer nofollow">Polygon price movement</a> targeting ranges between $15.27 and $36.17. However, traders should remain cautious of the key support zone between $0.375 and $0.386, which could be a crucial determining factor for future price action.</p>
<p>But here’s where smart investing comes in. Every seasoned trader knows the importance of risk management. For POL, the critical support zone sits between $0.375 and $0.386. Dropping below this could be a serious warning sign for investors.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/break-out-from-this-key-level-could-kickstart-16x-rally-for-stellar-xlm-price-top-analyst/" target="_blank" rel="noopener noreferrer nofollow">Break Out from This Key Level Could Kickstart 16x Rally for Stellar (XLM) Price: Top Analyst</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/elite-analyst-makes-a-shocking-polygon-pol-price-prediction/" rel="noopener noreferrer nofollow">Elite Analyst Makes a Shocking Polygon (POL) Price Prediction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Elite Analyst Makes a Shocking Polygon (POL) Price Prediction

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