$POL has responded to market-wide uncertainty with a measured step back, as noted by @Polygon contributors in @DAO Labs ’ #SocialMining #PolygonHub . Strong recovery above a notable support demonstrated some potential of the continuing trend upwards, but the recent conflict-related news events prematurely sovereigned the upward progress of the asset.
Although it retraced, the price still holds at longer structural zones. The build up of position has also become visible at the lower support level, thus showing a wait and watch approach of participants in the market. The further disintegration into this zone or its transformation into a new base, would depend largely on the incoming macro signals. The participants of the POL Hub is still analyzing support-resistance flows with its bias-free, chart-based comments.
$POL has had a history of being flexible in respect to volatility and this period could be another one of its testament to this technicality. The Social Mining process focuses on group observation, clean data interpretation and scenario planning instead of enforcing interpretations. Where there is no clarity, patience is a strategy. Contributors do not hurry to make conclusions as they track candlesticks forms, volume movements and possibilities of breakout. Structured accumulation may also lead to a rapid creation of momentum once a momentum has been established. In the meantime, activity in the POL Hub will be driven by technical prudence rather than emotional speculation as DAO Labs endeavors to empower the decentralized analysis process.
