When cryptocurrency whales move their assets, the entire market starts to tremble. Is Polygon about to explode by 92%? 🐋💥
Attention, my people! If you've felt like Polygon (POL) has been in "lazy" mode while other cryptos like Arbitrum skyrocketed, you are not alone. While the market went crazy, POL only rose 9% in three months. But suddenly, something has changed! In the last week, POL jumped 8% while everyone else is calming down. This is not coincidence. Experts are seeing signs that Polygon's rocket is about to ignite, and eagerly.
The CMF skyrockets: the signal traders were waiting for 🚀
The first clue is the Chaikin Money Flow (CMF). Imagine that the CMF is a gauge that tells you if people are putting money into or taking money out of a cryptocurrency. Well, Polygon's CMF just reached +0.17, its highest level in a month. The last time we saw something like this, the price skyrocketed. This means that buyers are in charge and money is flowing in abundantly, not just from large investors, but also from small ones joining the party.
Whales are accumulating, watch out! 🐋💎
If you think this is just a passing trend, think again. The second signal comes from the whales themselves (the big investors). Throughout this month, Polygon tokens have been leaving exchanges and going to personal wallets. What does this mean? That the owners of those cryptos do not want to sell. On the contrary, they are holding them for the long term, betting that the price will rise. When whales do this, it’s because they are confident that a big movement is coming.
The ecosystem remains strong 💪
Although Polygon's "Total Value Locked" (TVL) looks low (it’s at $1.2 billion, far from its record of $8 billion!), the ecosystem remains attractive. How do we know? Because in terms of cash inflows, Polygon is outperforming rivals like Solana and Arbitrum. This shows that developers and users continue to choose Polygon to build and use their applications. It’s as if the engine is running at full speed, even though the body doesn’t look so shiny yet.
A technical pattern that screams "up!" 🤯
Finally, chart analysts are seeing a pattern that has them excited: a "W-bottom". This pattern, which often appears at the end of downturns, suggests a powerful reversal. According to the Fibonacci tool, the first target could be $0.3425, a jump of 36%! But if the momentum remains strong, the next level could reach $0.4842, which would mean an astonishing rebound of 92%. Of course, the safety level is at $0.2125. If the price falls below that, the plan crumbles.
So, are we about to see Polygon wake up and reclaim its glory? All indicators seem to point in that direction. Now, the question is, will the market keep this pace or will we see an unexpected correction?
