Crypto: Three Signals That Signal An Explosion Of Polygon

The crypto analyst Ali Martinez identifies three technical signals suggesting a potential major rise in the price of Polygon (POL), despite an overall pessimistic market sentiment. This forecast comes as the token already shows a 17% increase over the last month.

Technical indicators converge towards a recovery

The price of Polygon (POL) is currently trading at $0.4375, marking a 1.65% increase over 24 hours. Technical analysis expert Ali Martinez highlights three key elements supporting a recovery scenario: a confirmed rebound on the axis of the chartist triangle, a bullish crossover of the stochastic oscillator, and a MACD preparing to generate a buy signal on the bi-weekly chart.

This cocktail of technical indicators could catalyze what Martinez refers to as a “hated rally” – a price increase occurring while the majority of investors remain skeptical, causing them to miss the early phases of the bullish movement.

The analyst emphasizes that this type of configuration is particularly interesting as it often leads to superior returns, with the market frequently moving counter to the prevailing sentiment.

On-chain data confirms crypto accumulation

Blockchain metrics corroborate this optimistic perspective. The POL supply ratio on exchange platforms has dropped to 0.0072, its lowest level in three months, signaling an accumulation movement from investors withdrawing their tokens from exchanges.

Even more revealing, the net flow ratio of “whales” has shifted from +3917% to -55%, indicating that large holders are intensifying their purchases by massively withdrawing their POL from trading platforms. Historically, this behavior often precedes phases of significant price increases.

If this momentum continues, the next technical target is at $0.46, before a major resistance zone around $0.57 that will require significant trading volume to be surpassed.