POL Drops 6% After Inflation Shock — Expect Short-Term Weakness
I see POL down about 6% after an inflation shock triggered heavy selling across risk assets. The move looks like a macro-driven liquidation rather than a token-specific fundamental change.
Liquidity seems thin and volatility is elevated, so I expect continued short-term weakness until macro sentiment and on-chain volumes stabilize. I’ll wait for clearer technical support or a cooling in yields before adding exposure.
Analysis
Recommendation
Prefer to sell or stay sidelined for now; consider re-entry only after stabilization in macro data, improved on-chain volume, or clear technical support forms.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.