Having held on through a prolonged period of downward pressure that had produced $POL through its first support, the asset settled at a more advanced level. Once the overall tone in the market turned more sympathetic, the renewal of purchases triggered a retest of the resistance zone. This change implies that a major time of trading dynamics is in progress. If such a breakout happened it might galvanize a short-term buying above resistance and may act as a catalyst to a test against the next meaningful level.
#DAOLabs ' #SocialMining contributors under the #PolygonHub are reminded to give close attention to these developments. Such times provide insights on market sentiment by blending indicators of on-chain data, gauge public opinion and follow the trend on the Layer 2 platforms. Rather than react to short term movements, decentralized contributors can sway the conversation by identifying behavioral indicators and community indicators that increase long term trust. This momentum may have staying power if there are resulting emergence of accumulation signals.
