POL (ex-MATIC) is currently trading at $0.11774, reflecting a significant 12.40% decline over the last 24 hours. The price has fluctuated between a high of $0.135237 and a low of $0.117105 during this period, indicating a tight daily range of 0.018132%.

The trading volume stands at 98,966,021, which corresponds to a volume-to-market cap ratio of 8.01%. This suggests a relatively active trading environment; however, the negative price momentum is concerning, as evidenced by the hourly and daily moving averages showing substantial downward trends.

The hourly moving averages indicate further bearish sentiment, with the 8 SMA at $0.1212 (down 2.89%) and the 13 SMA at $0.1227 (down 4.06%). The longer-term moving averages, particularly the 55 SMA at $0.1305 and the 144 SMA at $0.1341, reveal deeper retracements of 9.78% and 12.22%, respectively, signaling that the asset is struggling to maintain higher levels.

Momentum indicators paint a bleak picture, with the 1-hour RSI at 21, suggesting oversold conditions, while the 7-day RSI at 39 indicates a lack of bullish strength. Price changes over multiple periods reinforce this downward trend, with 7-day, 14-day, and 30-day changes at -14.87%, -19.25%, and -38.33%, respectively.

Given the substantial distance from the all-time high of $1.29 reached on March 13, 2024, and the ongoing negative price action, the market outlook for POL appears bearish. The current technical indicators and momentum suggest further downside risk in the near term.

In conclusion, the recommendation for POL is to Sell. The negative trend in both price and momentum indicators, coupled with the high volume and low RSI readings, indicate that further declines are likely before any potential recovery.