According to @Polygon , @DAO Labs , and #SocialMining contributors, a critical observation period has been entered in regards to the $POL and as the market has stabilized, price actions are above key support areas. According to the analysts who monitor the Social Mining #PolygonHub , the asset was gradually building in a specified range, waiting until there are definite hints on the market.
During recent sessions, the market situation has improved by measurable settings of the previous week, and the $POL can now come close to its upper resistance levels. This development hints that in case the price manages to overcome the stated orange resistance area, a new bullish trend may develop. But analysts also warn that in case the general situation in the market becomes worse, once again the price could end up at lower support levels to test them.
It becomes necessary to maintain discipline in these areas. Inhabitants of the Social Mining POL hub pay attention to disciplined tactics such as utilizing pullbacks in the process of reducing the average cost of purchases and tracking specific resistance targets. Instead of chasing speculations, the contributors are concentrating on holding in longer terms with the support of technical indicators.
To those active in the Polygon ecosystem, the dynamics observed indicate the common shift toward the accumulation-to-expansion stage that reflects well on the relevance of a social engagement indicator in addition to the common chart patterns.
