Polygon's Price Predicted to Rise by 18%-37% Amid Bearish Momentum

Polygon's (POL) price has been trading at around IDR6,385, showing a bearish momentum. According to some crypto analysts, there is a potential upside of 18%-37% towards the IDR7,561-Rp8,737 area if the main resistance is broken.

The short-term target for POL's price movement is expected to be in the range of IDR7,057-Rp7,561. This increase reflects an upside potential of around 18% from the current price. However, the movement remains dependent on consistent buying interest.

Technical indicators are showing mixed signals, with the 14-day RSI standing at 38, signaling neutral to weak conditions. The stochastic indicator is approaching the oversold area, supporting the opportunity for a price bounce. However, confirmation of the uptrend requires a sustained breakout and increased transaction volume.