Polygon Oversold Ahead of POL Migration — Monitor for Volatility
I see Polygon (MATIC) trading in oversold territory with the RSI near 38, signaling short-term bearish momentum but potential for a relief bounce.
I'm cautious about the upcoming POL token migration on August 26 — it’s a significant catalyst that can increase volatility and create technical uncertainty despite recent protocol upgrades.
Given mixed signals, I prefer to monitor price action and wait for clearer post-migration trend or confirmed support before adding meaningful exposure.
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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.