The asset @Polygon - $POL continues to be under the scope of the #SocialMining participants at @DAO Labs , and the sentiment changes have impacted the near-term asset course. Confined downside pressure has been reinstated by negative headings after some time of support based accumulation.
A test of older support is shown on the technical structure these days and largely can be attributed to broader market forces in 2020. In case this zone cannot maintain itself, additional losses can take place. Nevertheless, in case the external conditions stabilize, it is not impossible that the market may recover back to resistance levels.
This is closely being monitored by #PolygonHub Social Miners who see recent price action as a technical retest and back-barometer of sentiment. In the decentralized ecosystems, the trend on prices tends to work hand in hand with the perception, and this perception is now defined by how fast the fear-based momentum can be killed.
The general plan of well-informed community seems to be obvious: to take retracements as a chance to cost-average, only not to follow the volatility of tops. Social Mining is one that would continue to reward participants of an analytical nature rather than emotional.
In general, the future of $POL will be mostly macro-dependant, but the present situation can be viewed as a test of strength both of the price and belief of participants. In the community, people are watching, reacting, and developing thesis-based strategies throughout.
