Market Overview (06.10.2026) #Polygon
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$POL is trading around 0.0749 after a sharp drop that wiped out all gains accumulated since mid-April.
The price has aggressively lost support at the 0.090 level and is now approaching the descending trendline that has defined the overall downtrend since March. The 0.07–0.075 zone marks a critical area where this multi-month trendline coincides with the current price action.
A clear reaction from the descending trendline around 0.07 will create a much-needed bounce back to the range of 0.085–0.090. A break below this trendline on a daily candlestick close will invalidate the structure and accelerate the downtrend without clear support below.
A return to the 0.080 level will be the first sign of stabilization after this aggressive sell-off.
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$POL is trading around 0.0749 after a sharp drop that wiped out all gains accumulated since mid-April.
The price has aggressively lost support at the 0.090 level and is now approaching the descending trendline that has defined the overall downtrend since March. The 0.07–0.075 zone marks a critical area where this multi-month trendline coincides with the current price action.
A clear reaction from the descending trendline around 0.07 will create a much-needed bounce back to the range of 0.085–0.090. A break below this trendline on a daily candlestick close will invalidate the structure and accelerate the downtrend without clear support below.
A return to the 0.080 level will be the first sign of stabilization after this aggressive sell-off.