📉 Polygon ($POL ) continues to "bleed liquidity"
In the past week, POL decreased by nearly 6%, extending its decline to 46% over the year. Net outflows occurred both on-chain and on exchanges, with over 263,000 USD of POL sold in just the last 24 hours.
👥 On-chain activity is also bleak: the number of active addresses weekly is only 2.2 million, with about 99,000 new users. Low demand means increasing selling pressure.
⚡ However, the technical chart reveals a glimmer of hope: the range of 0.231 – 0.226 USD has saved POL from dropping three times. Will POL still be "tough" this time or will it break support?
🤔 In general: money is fleeing, but the chart is trying to hold on. Those HODLing POL right now are probably... doing yoga to calm their minds 🧘♂️.
⚠️ This is not advice for buying or selling, just sharing for fun, whether you lose or gain, your wallet is your own responsibility! 😆