Have you guys went through the torture of eth holders in 2015? It was 0.4$ at rock bottom for weeks! Take a look at it and then come crying. Patience is the only exit.
Pi_Coin
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Bullish
๐จ Massive Dump Alert!๐ฅ
The market just took a nosedive from 1.1166 to 0.8710 in a flash! Is this panic selling or a golden buying opportunity?
Drop your thoughts below! Are you buying the dip or staying on the sidelines? Letโs discuss!
Crypto markets are full of surprises, and one interesting observation recently is how MATIC (now POL) and TRX prices are hovering close to each otherโjust like in the past. While both projects have evolved significantly, their valuations aligning again brings back memories for seasoned traders. Currently, 1 MATIC at 0.2462 is approximately equivalent to 1.05 TRX.
Polygon (POL) has been focusing on its ecosystem transformation, with Polygon 2.0 aiming for greater scalability and interoperability. Meanwhile, Tron ($TRX ) continues to solidify its position in stablecoin transactions and DeFi adoption, especially with its dominance in USDT transfers.
With both assets showing resilience and continuous development, will we see history repeat itself, or will their paths diverge once again? Stay tuned and trade wisely!
No regrets here too. I made alot of money on #MATIC previously. Now i own a serious amount of #POL and i donโt even doubt a second that i can lose money on it.
Amelia_john
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I Bought $POL Years Ago โ No Regrets.
I invested in $POL long before it gained attentionโand Iโve held onto it ever since. Not because of hype, but because I believed in the team behind itโa team that consistently delivers some of the most secure and scalable #Web3 products out there.
True wealth in crypto isnโt made by chasing pumpsโitโs built through conviction, patience, and supporting teams that actually execute.
Most people gamble, following whatever their favorite influencers promote, hoping to get rich overnight. But the chances of striking gold from random #memecoins? Nearly zero.
If you want to win in crypto, understand what youโre buying. Back teams that build through multiple market cycles.
This year, many will regret overlooking $POLโbut not me. ๐ค
Pi didnโt go down to my order levels mostly so that is a good thing. It is stable just like itโs community. But i havenโt cancelled my bottom orders. I was able to catch it twice
Polygon ($POL) Descending Triangle: Support Breakdown Sparks Bearish Trend
Polygon ($POL) has broken the key support level at $0.32, forming a descending triangle pattern that indicates a bearish trend moving lower.
Current price action shows heavy selling pressure, with a 16.05 percent daily loss and bearish momentum confirmed by DMI and ADX readings.
Key resistance now lies at the previous $0.32 support level, while zones at $0.17, $0.10, and $0.03โ$0.05 serve as targets for declines.
Polygon ($POL) is experiencing mounting bearish pressure after breaking below a key support level. Technical chart patterns and momentum indicators suggest a sustained downtrend, potentially pushing the asset toward significantly lower price targets.
Technical Analysis of the Pattern
A recent tweet from crypto veteran Ali_charts confirmed the breakdown, noting that the pattern could target a move toward $0.041. The technical setup suggests that bearish conditions remain robust, prompting further sell-offs in the market
Technical charts reveal a descending triangle pattern, marked by lower highs and a descending trendline. A horizontal support level near $0.32 maintained price stability for many sessions before a recent breakdown occurred. Analysts note that such formations typically indicate further downward movement if bearish momentum persists.
Price Action and Momentum Indicators
At the time of writing, trading data shows POL trading at approximately $0.2376 with a 24-hour decline of 13.32 percent. The asset experienced a daily loss of 16.05 percent, reflecting heavy selling pressure. Volume surges during the breakdown support the bearish trend, confirming strong negative momentum in the market.
Source: TradingView
Momentum indicators reinforce the downtrend; the DMI shows dominant bearish pressure with -DI exceeding +DI. The ADX remains above 25, suggesting a strong trend, while the Stochastic RSI stays in a neutral range. Traders monitor these indicators closely to determine the continuation of the bearish momentum.
Key Levels and Future Projections
Resistance now lies at the previous support level of $0.32, which now acts as a barrier. Identified support zones include $0.17, $0.10, and potentially levels between $0.03 and $0.05. Market participants will monitor these key levels for signs of further downward movement or a possible retest.
Analysts expect a retest of the $0.32 level before additional declines occur. Volume and price trends will be crucial for confirming the bearish direction. Traders and investors remain cautious as they evaluate market signals for potential reversal or continued decline, and this careful analysis helps shape strategies in a volatile market.
Market participants will continue to evaluate these technical signals as Polygon navigates through the current bearish phase. The asset's price movement remains under close scrutiny by investors and traders.
The post Polygon ($POL) Descending Triangle: Support Breakdown Sparks Bearish Trend appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
The โMRโ in your nickname seems just like a Nigerian Mail Scammer name. โI have inherited money and i want to give it to youโ type of mail scams. ๐คก๐คฃ๐คฃ๐คฃ
This guy owned approx 27 companies that went bankrupt before. Now heโs the president of the USA. Heโll either bankrupt USA or other nations, or us allโฆ ๐ฉ
BitEagle News
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If you think yesterday was just a sell the news event, youโve been successfully brainwashed.
Donโt get me wrongโthis is probably the โbeginning of the endโ, as Iโve been saying for months.
But before the rug-pull happens, weโre going to witness worldwide FOMO and mass euphoria in the market.
Go back in history and study how bubbles actually burstโฆ
โHistory doesnโt repeat, but it always rhymesโ.
Last time i was scammed by a โtraderโ was in 2021. I bought #PUNDIX with a cost of 4.5$. And i got in BIG! Still i have that shitcoin. Hasnโt sold it.
Naveed X
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The Biggest Trading Scam โ The Truth Will Shock You!
๐ Why Do Most People Lose Everything in Trading? This image clearly shows how the market is a trap designed to take money from retail traders! ๐จ
๐ด The Harsh Truth No One Tells You! โ 90% of traders lose money! โ Market manipulation happens every second! โ Big investors (whales) always win, while small traders keep losing! โ The dream of quick profits is actually a trap!
๐ How Does This Happen? ๐จ Trading platforms and big investors work against you! ๐ When you buy, they push prices down. When you sell, they pump prices up! ๐ธ Trading gurus and courses donโt make money from tradingโthey make money by fooling you!
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