POL is currently trading at $0.090034, reflecting a 24-hour change of -1.44%. The asset's daily range has been relatively narrow, fluctuating between a high of $0.092532 and a low of $0.087996, indicating a lack of volatility in the short term.

The volume of 82,468,380 suggests decent trading activity, with a volume-to-market cap ratio of 8.65%. The hourly moving averages present a mixed picture; while the shorter-term SMAs (8, 13, and 21) indicate positive momentum, the 55 SMA shows a decline, and the 144 SMA reflects a more significant downward trend.

The 1-hour RSI stands at 61, suggesting that POL is nearing overbought territory, while the 7-day RSI at 50 indicates a neutral position over a longer time frame. However, the 7-day price change of -17.1%, along with declines of 24.41% and 40.48% over 14 and 30 days respectively, highlights a concerning bearish trend.

Given the current price significantly below its all-time high of $1.29 and the ongoing downward trajectory, the market sentiment appears pessimistic. Short-term traders may find opportunities for scalping, but the overall trend suggests caution.

Considering the technical indicators and recent price performance, a HOLD rating is warranted. This position allows for the potential of price recovery while minimizing exposure to further declines in a bearish market.