- POL gains by 5.85% in 24 hours, outpacing the market; RSI at 46.56 and MACD narrowing signal a potential trend reversal.
- Price remains under key MAs; $0.20 is vital support, while a break above $0.233 could target $0.26–$0.30.
- Volume surge hints at accumulation, but confirmation from RSI or MACD is needed for a sustained bullish move.
On June 7, 2025, at press time, POL was trading at $0.217, after gaining 5.85% in the past 24 hours. This increase outpaces the broader crypto market, which rose by 1.77% over the same period. POL also gained 2.58% against Bitcoin.
Despite these short-term gains, the token remains in a broader downtrend, having dropped 4.48% over the past 30 days. Technical patterns and market activity suggest that POL is consolidating near a crucial support zone. Notably, POL has rising volume, weakening bearish indicators, and resistance near the 50-day moving average.
RSI and MACD Show Mixed Momentum Signs
The RSI is at 46.56, just below the 50 level, indicating weak but improving momentum. Its moving average value is 43.35, suggesting a modest POL upward change. However, the RSI remains below levels that typically confirm bullish strength.
The MACD line is below the signal line and is under the zero mark. The MACD is at -0.0062 compared to the signal line’s -0.0047, producing a histogram of -0.0014. Although still negative, the narrowing MACD signal gap shows potential for a reversal, but that confirmation has yet to form.
Volume Activity Shows Growing Interest
Late May and early June saw POL’s trading volume rise majorly, with a peak above 165.22 million. At present, volume is at 13.83 million, indicating sustained market attention. Higher volume during periods of price consolidation often suggests accumulation.
However, the market is cautious due to the lack of confirmation from other indicators. Volume upticks alone may not sustain a trend shift without support from RSI or MACD crossovers. These metrics, when considered together, provide early signals of a possible breakout attempt.
Long-Term Trend Remains Bearish
POL is trading below both its 50-day and 200-day moving averages. The price is below the 50-day MA of $0.233. Both the 50-day and 200-day moving averages are trending downward, confirming a longer-term bearish outlook.
There is no evidence yet of a golden cross formation, as the 50-day MA has not reversed upward. Since its high of nearly $0.70 in December 2024, POL has had lower highs and lower lows. However, recent price stabilization between $0.20 and $0.25 may be the start of a shift, particularly if macro market conditions improve.
Potential Price Ranges for June 2025
On the upside, if POL breaks above $0.233 with strong volume, it could target $0.26 to $0.28, and possibly $0.30. However, if the $0.20 support fails, the token may drop to $0.18 or even $0.16.
POL is under key resistance levels but is showing early signs of interest from traders. RSI and MACD suggest weak momentum, though volume indicates growing participation. The price below long-term averages confirms caution is still warranted. If volume aligns with improving indicators, POL could break its current range. However, support at $0.20 remains critical to avoid further losses.
