Current price action for POL indicates a bearish trend with a 24-hour decline of 5.20%. The price has tested the support level at $0.105858 but remains above that threshold, suggesting potential for a rebound if buying interest increases.

Volume stands at 78,175,018, equating to a volume-to-market cap ratio of 6.95%. This relatively high volume indicates active trading but does not confirm bullish sentiment, as the price is still below recent moving averages, which reflect downward momentum.

The hourly moving averages suggest a bearish trend, with the 8 SMA at $0.1074 showing a decline of 1.21%. All relevant short-term SMAs are trending downwards, with the 21 SMA down 3.07%, confirming that sellers are currently in control.

The Relative Strength Index (RSI) readings indicate oversold conditions on the hourly chart at 19, suggesting that a short-term bounce may be imminent. However, the 7-day RSI at 50 indicates a neutral position, reflecting a lack of strong momentum in either direction over the medium term.

Price performance over the past week has shown a slight increase of 1.21%, while the 14-day change is more robust at 8.85%. In contrast, the 30-day change reveals significant weakness with a decline of 18.81%, indicating a longer-term downtrend that could weigh heavily on investor sentiment.

Given that the all-time high for POL was $1.29 in March 2024, the current price reflects a considerable drawdown. The current trading price of $0.106076 is significantly below previous highs, suggesting that while the asset has potential for recovery, it faces considerable resistance.

In conclusion, the combination of bearish short-term indicators, mixed RSI signals, and historical price performance suggests caution. Therefore, the rating for POL is a Hold, as the potential for a short-term rebound exists, but overall market sentiment remains weak, and risks of further declines are present.