The current price of POL is $0.103318, reflecting a 1.95% increase over the last 24 hours. The price has fluctuated between a high of $0.107675 and a low of $0.097599 during this period, indicating a daily range of approximately 10 cents.

Trading volume stands at 107,677,019, which corresponds to a volume-to-market cap ratio of 9.86%. This relatively high volume suggests active trading interest, but it also indicates that market sentiment is currently volatile.

Analyzing the moving averages, the 8 SMA ($0.1067) is down 3.13%, while the 13 SMA ($0.1058) shows a decline of 2.34%. Both the 21 SMA ($0.1041) and 55 SMA ($0.1082) are also in a downtrend, with the 144 SMA ($0.1138) indicating a more significant drop of 9.24%, reinforcing bearish sentiment in the short to mid-term.

The RSI metrics further clarify the trend, with the 1-hour RSI at 56, suggesting short-term bullish momentum. However, the 7-day RSI at 41 indicates that the asset is nearing oversold territory, which may imply limited upside in the immediate term.

Over the past week, POL has experienced a price drop of approximately 14.87%, while the 14-day change shows a more severe decline of 28.25%. This downward trend is compounded by a 30-day price change of nearly 7.91%, indicating a persistent bearish outlook over multiple timeframes.

The all-time high for POL was recorded at $1.29 on March 13, 2024, indicating substantial room for growth from the current price level. However, the significant declines in recent weeks highlight the challenges the asset is facing to regain its previous peak.

Given the combination of bearish moving averages, RSI readings indicating potential oversold conditions, and significant recent price declines, a cautious approach is warranted. Therefore, the rating for POL is a Hold, as investors may want to monitor for signs of stabilization or reversal before making additional commitments.