@Polygon continues to analyze $POL which displays steady technical behavior even while it is volatile in the short term. This change shows wider market caution, not problems with the structure of assets involved.
Evidence indicated that $POL was being bought above the support which is a sign it may move up soon. But due to influences outside the market, faith in crypto weakened and caused the asset to fall back into stable support zones.
In #PolygonHub , contributors have said this trend is just a usual market reaction, not a long-lasting shift. For now, prices are staying inside regular technical levels and failing to bounce back from here might bring about support from lower zones.
If there is more buying, it might boost the price up and encourage it to reach and possibly break through the orange resistance zone again. Under improved conditions, that could happen as in other past real estate cycles.
It clearly reveals that having decentralized technical experts helps improve crowdsourced fact checking. By applying #SocialMining , #DAOLabs helps community members to openly reveal main observations which adds strength to the real-world, grassroots approach to chart reading.
