Coinspeaker
POL Price Battles Steep Decline, Major Breakout Ahead?
POL
POL
$0.24
24h volatility:
14.1%
Market cap:
$2.10 B
Vol. 24h:
$190.13 M
, the rebranded Polygon’s MATIC token, is currently trading at $0.2429, down by 15% in the past 24 hours. The token has been in a prolonged decline since hitting its all-time high of $1.29 in March 2024, shedding 78% of its value over the past year.
Renowned crypto analyst Ali Martinez believes that POL price might be on the verge of a massive breakout. He pointed out that the token appears to be breaking out of a multi-year descending triangle, a pattern that often squeezes the lower highs into a narrowing range before a decisive move — either a breakout or a breakdown.
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