POL whales have been accumulating heavily in recent days. They have amassed 140 million POL tokens worth $56 million, paving the way for a significant price increase. The increasing daily active addresses and trading volumes are strengthening the possibility of a continuation of the POL rally. According to analysts, if the bulls manage to keep the altcoin price above the $0.44 level, this could lead to a 50% increase in POL.
The excitement in the market is growing. Crypto analyst Ali Martinez drew attention to the movements of POL whales over the past four days. Martinez reported that whales have accumulated 140 million POL tokens worth over $56 million. He also noted that the critical support levels for the altcoin are between $0.375 and $0.386. If these levels hold, the resistance will remain weak and POL is expected to reach higher price levels.
In addition to POL whale activity, Polygon’s increase in daily active addresses is also an important indicator. The growth in trading volume and other on-chain data suggest that market interest is increasing and there is more participation. This data suggests a positive price outlook for POL in the near term. It is important for investors to pay attention to POL price movements, as other altcoins have already shown significant increases.
Over the past 24 hours, POL has gained 7% and is trading at $0.4442. With this increase, Polygon’s market cap has surpassed $3.5 billion. In addition, POL’s daily trading volume has increased by 53% to $434 million. This strong upward movement paints an optimistic picture about the altcoin’s future potential.
Crypto analysts expect POL to continue its uptrend. Popular analyst CryptoBull_360 noted that Polygon has broken through a key resistance level on higher timeframes (HTFs), creating potential for a major bullish rally. He also noted that Polygon price is showing a breakout from a long-term “cup and handle” pattern, which could lead to further upside momentum.
Analysts are expecting POL to make a strong consolidation at $0.44. If a sustained hold is achieved at this level, there is a possibility that the price will increase by 50%. In addition, the strong trading volume indicates that investor interest is increasing and there is a positive momentum in the market. Some market experts predict that POL could make a massive price rally of 3,050% in the future.
As a result, POL is expected to enter a strong uptrend and offers significant opportunities for investors. However, as with any investment, caution should be exercised and market developments should be monitored.
