POL increased by 10.43% and reached 0.2065 USD, largely driven by over 10,000,000 USD in ETH inflows. This capital influx signifies strong demand and normally triggers positive market movement.
Despite the rally, key resistance levels at 0.0000775 may hinder growth. Market analysis highlights a possible price ceiling, causing traders to be cautious.
Current market data reveals that traders are opening short positions, reflecting a bearish sentiment. The funding rate has turned negative, which may lead to increased selling pressure on POL.
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