$POL Price Analysis - CoinPedia Analytics

Following the recent bullish failure to sustain momentum with the listing of POL Token instead of MATIC. The altcoin witnesses a massive pullback of 8.61%, resulting in a three-black crow pattern. However, the bullish comeback with an intraday gain of 2.74% puts the altcoin back at $0.3857. Meanwhile, the MACD and signal lines sustain a sideways trend in a merged fashion with minimal intensity of bullish histograms. 

The movement of MATIC tokens from whale exchange wallets to cold wallets since September 9, 2024, continues to move off the network. The exodus continues as the Polygon network transitions from MATIC token to POL Token. Further, the top exchange-to-non-exchange wallet holdings ratio for MATIC stands at 0.013214 and 0.01324. Based on the Fibonacci levels, the next two immediate resistances are at 23.60% and 50% Fibonacci levels at $0.5933 and $0.8274, respectively.