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POL is currently quoted at 0.17337, with a 24-hour increase of 9.40%. How do we view this market trend? Judging from the massive trading volume of 2.684 billion tokens, this is not something retail investors can drive. The chips accumulated around the bottom near 0.098, and today it broke through the downward trendline in one go, indicating a strong buying frenzy.
Market sentiment is changing rapidly. From 0.25 down to 0.098 earlier, the bearish sentiment was already exhausted. Today’s big bullish candle completely cleared out the short-term trapped positions, turning panic selling into chasing the rally. The crowd in the square is discussing bottom-fishing and buying the dip, with sentiment jumping from freezing point to overheating.
The technical analysis is clearer. The daily K-line broke through the resistance line of SUPERTRND at (0.136), MACD showed a bullish crossover at a low level, and trading volume surged—today’s volume is five times the MA10. The price moved from 0.156 to 0.173 in 24 hours, with a very small retracement—this is a typical short squeeze rebound.
The bullish logic is solid: increased volume at the bottom, sentiment reversal, and the main players still holding positions. What are the risks? The rapid short-term rise may lead to a correction, but the 0.16 level is a strong support, so there’s limited downside.
In the next 1-2 days, the main players’ bullish intent is clear. A short-term push to the 0.22-0.25 range is not a dream—about 30%-45% above the current price. The key is that once it breaks the previous high at 0.186, the rally will accelerate toward a stronger trend.
Honestly, going long at the current price with a stop-loss at 0.16 and aiming directly for 0.25.