Since last week $POL demonstrated major price fluctuations. The market price demonstrated a stabilizing pattern near its support line while showing signs that the market sentiment might propel prices upward. For this scenario to succeed the market needed to remain positive. A positive market outlook allowed the price to exceed resistance points while receiving enough market weight to back it up.
A reversal occurred which brought the price back toward its support level even though key resistance point breaches earlier maintained. This retreat follows standard patterns because the volume-driven break of the resistance points usually creates a wick filling at the candlesticks peaks. The market shifts through a correction cycle at present which will eventually clear the way for an acceleration of its upward trend.
The price action shows a cyclical behavior because price consolidations and market corrections develop into new upward movements. The #SocialMining #PolygonHub elements from #DAOLabs reveal that market trend assessments become more powerful when obtained through communal insights. People who join decentralized spaces for active participation and information sharing achieve better understanding of market trends along with improved transparency and precise analysis. Accurate and timely data which drives an understanding of price behaviors becomes accessible to every participant because of this collaborative approach thus boosting market-wide decision quality.
