POL (formerly MATIC) is currently priced at $0.117792, reflecting a significant 7.32% decline over the last 24 hours. The daily trading range has been relatively narrow, with a high of $0.12715 and a low of $0.116599, indicating a market under stress.

Volume has been moderate at approximately 63.5 million, representing 5.09% of the market cap. Despite this volume, the 1-hour RSI is critically low at 10, suggesting that the asset is oversold and may face short-term resistance before any recovery can occur.

Moving averages indicate a bearish trend across multiple timeframes, with the 8 SMA at $0.1226 and the 55 SMA significantly lower at $0.1266. The persistent decline in the 7-day RSI at 42, combined with a 7-day price change of -17.88%, further supports the bearish momentum, while the 14-day decline of 29.23% signifies ongoing weakness.

In the longer term, POL has shown some resilience with a 30-day price change of +13.12%, but this is overshadowed by the recent downturn. The all-time high of $1.29, reached in March 2024, indicates a substantial decline from current levels, creating a psychological barrier for recovery.

Given the current technical indicators, including oversold conditions but bearish moving averages, a cautious approach is warranted. Therefore, I recommend a Hold rating, as potential for short-term volatility remains high, but there may be opportunities for recovery in the longer term.