sell

Polygon Drops 6% on Inflation Shock — Expect Short-Term Weakness

I see Polygon drop about 6% after an inflation surprise sparked heavy selling across crypto markets. The move looks driven more by macro risk-off than by a change in Polygon’s fundamentals.

I'm cautious in the near term: if inflation keeps surprising to the upside, POL could revisit lower supports, but the pullback may offer a buying opportunity once selling pressure eases and on-chain activity stabilizes.

Source available for registered users Sign Up Free

Analysis

The 6% decline appears correlated with macro-driven risk-off and elevated volume, indicating systemic pressure rather than a Polygon-specific catalyst. Technical indicators and increased volatility po...

Recommendation

I recommend a cautious approach: sell into strength or wait for confirmation of a bottom and reduced selling volume before initiating new positions. Consider partial buying only after clear stabilizat...

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.

You might also be interested in: