Polygon’s Price: The Drama, The Comedy, and the Unfinished Flush!

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Hold onto your hats, folks! Polygon price is doing the cha-cha after weeks of being grounded! Since February 11, POL has boogied up nearly 13%. In just the last 24 hours, it’s pulled off a slick little 5.4% move, all while huddling close to $0.095. It’s like watching a tortoise in a marathon – slow but steady!

Now, at first glance, you might think this price action is pulling a “lookalike” stunt from earlier this year when POL skyrocketed 90%. It’s stabilizing, momentum’s on the up-and-up, and buyers are playing peek-a-boo at support. But wait! There’s a twist in the plot that would make M. Night Shyamalan proud! Last time, sellers were running for the hills, but this time? Not so much.

POL Price: It’s Like Déjà Vu, But with Less Flushing!

Before the January fiesta, Polygon had a clear bottom – like a well-cooked pancake! From December to early January, POL dipped down, giving us a sharp lower low. Sellers threw in the towel, weak hands waved goodbye, and voilà! A perfect stage for buyers to waltz in.

This time, however, we’re in a different reality show.

Between January 31 and February 11, POL decided to play it coy, hitting a lower low near $0.087 while the Relative Strength Index (RSI) had the audacity to form a higher low. Talk about a mixed message! The RSI, our trusty guide to buying and selling strength, usually tells us when sellers are checking out. But instead of one big dramatic exit, POL just keeps popping back to the same support area like a bad penny.

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Two separate candles? Oh my! That’s what we call a “lower-low zone” – sounds fancy, right? But here’s the kicker: when a market takes a nosedive with a single deep low, it’s usually game over for sellers. However, if the price keeps flopping around the same level, it means sellers are still clinging on! Supply hasn’t been fully absorbed yet. So while the technicals may look similar, the psychology is like a soap opera – dramatic, chaotic, and full of unresolved tension!

The market might be stable, but it hasn’t had its spring cleaning yet. And that unfinished seller flush? Oh, it’s the cherry on top of this wild sundae!

Leverage is Muted and Shorts are Rising – Sounds Like a Party!

This incomplete flush is on display like a circus act in the derivatives data. During the January blowout, leverage was popping like popcorn.

Open interest on Binance shot up from around $16.6 million to over $40 million in a few days. Traders were leaping into long positions like they were diving into a pool of chocolate! But hold your horses – this time, since February 11, while POL strutted its stuff with a 13% gain, open interest has been snoozing around $18.80 million. Where’s the excitement? Low conviction, folks!

And get this: funding rates are negative, chilling around -0.012. Negative rates mean short traders are paying longs – it’s like an awkward dinner party where no one wants to pay the bill. That signals bearish positioning creeping in!

Back in January, funding was positive. Everyone was betting on a party! Now? Shorts are playing the waiting game, and they see unfinished downside risk. Instead of chasing longs, many are gearing up for pullbacks, cramping the supposed rally’s style.

This keeps leverage under wraps and momentum in check. The rally’s moving forward, but it feels like it’s wearing a weighted vest!

Whale Accumulation: The Silent Support Crew!

While traders are playing it safe, the big fish are swimming differently. Since early February, whale holdings have surged from around 7.5 billion to nearly 8.75 billion POL. That’s about a 16% increase! It’s like the whales are in a secret investment club, quietly accumulating.

The whales’ buying spree is why the price keeps bouncing from the $0.087 area, like a rubber ball that refuses to stay down.

But here’s the plot twist: whale accumulation absorbs supply without causing a ruckus. Instead of pushing weak sellers out, they’re just slowly taking their coins, like a thief in the night. This stabilizes the price but delays the panic button from being hit. And let’s not forget, during the last early-2026 rally, these whales barely broke a sweat in increasing their stash!

So, the market finds itself in a classic tug-of-war:

  • Sellers are still lurking (not flushed out)
  • Buyers are in the game
  • No one’s got the upper hand on the Polygon price

That’s why the price is inching up – not with fireworks, but with a steady march. And that might just cap the rally potential going forward.

Key Levels: The Showdown for Sellers!

With unfinished selling pressure still hanging around like an unwanted guest, price levels are now the name of the game. On the upside, keep your eyes on $0.11!

A clean break above $0.118 would signal that those pesky remaining sellers are finally waving the white flag. From current levels, that would mean another 24% leap. It would likely attract leverage and send shorts packing, completing that flush we’re all waiting for! After that, targets open up towards $0.137 and $0.186. What a wild ride!

On the downside, the critical support zone is $0.083-$0.087. If POL tumbles below that, the lower-low setup hits the bricks, and a new one starts to form. That would confirm sellers still have control, and the unfinished flush is still alive and kicking. In that case, we could see prices slide down to $0.072 and $0.061. Grab your popcorn, folks!

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2026-02-13 14:26