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📊 Latest and Useful Summary Analysis (Polygon $POL ) 📅 October 15
The Polygon (POL) currency is witnessing calm yet significant movements following the complete conversion from MATIC to POL ✅
The current price is near $0.20, with a daily range between $0.193 – $0.205.
🔹 Recent Developments:
The conversion of all MATIC tokens to POL has been completed by approximately 99%.
A community proposal to halt the annual inflation (2%) and replace it with a buyback program 🔁
Expect official updates from the Polygon team in the coming days regarding the new growth plan.
📉 Technical Analysis:
Overall Trend: Bearish leaning towards neutral.
Strong support at: $0.193 / $0.183 / $0.175.
Next resistance: $0.211 / $0.219 / $0.228.
Any breakout above $0.22 may open the door for a strong rebound, while a break below $0.19 could accelerate the decline.
💬 Summary:
The currency is undergoing a sensitive transitional phase, and investors are on alert before confirming the upcoming direction.
⚠️ Current trading requires caution… the market is still volatile, but the long-term project still retains its technical potentials 👀
