$POL has experienced a decline of 1.908% over the past 24 hours, indicating continued selling pressure in a prevailing downtrend.
The Bollinger Bands suggest tight volatility, with the price hovering around the lower band at 0.1797, which serves as a critical support level.
Resistance stands at 0.1924, limiting upside potential unless bullish momentum resurfaces.
Currently, Bitcoin's influence remains undefined, potentially decoupling POL from broader market trends.
In light of macroeconomic factors, including regulatory uncertainty, traders may consider short-term strategies to capitalize on volatility.
Key takeaway: Monitoring support levels closely is essential, as a breach could signal deeper losses ahead.
