Key Insights
Polygon (POL) price has rebounded nearly 25% from its Jan. 31 lows near $0.098.
Selling activity has dropped sharply, while short positions remain three times higher than longs.
A move above $0.18 could open the path toward a longer-term target near $0.35.
Polygon (POL) price has moved higher in recent days, rising about 7.3% in the past 24 hours. More importantly, it is now up nearly 25% from its Jan. 31 lows. This comes at a time when the broader crypto market has only gained around 2%.
Even so, Polygon is still down about 7% over the past week and the past month. This shows that the longer trend is still weak. The recent bounce looks strong, but it has not yet changed the bigger picture.
For traders, this creates a mixed situation.
Polygon Price Structure Shows a Possible Reversal
Polygon price has formed a clear double bottom near $0.098. A double bottom happens when the price tests the same low twice and holds. It often signals that sellers are losing c
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