POL is currently trading at $0.113186, experiencing a 24-hour decline of 5.11%. The daily price range has been constrained between a high of $0.119735 and a low of $0.110358, indicating short-term volatility is relatively low.

Volume over the past 24 hours stands at approximately 95.4 million, representing a volume-to-market cap ratio of 7.98%. This volume suggests active trading but does not imply strong upward momentum, especially given the recent price decline.

The short-term moving averages indicate a mixed outlook. The 8-period and 13-period SMAs show slight upward trends at +1.61% and +1.35% respectively, while the 55-period and 144-period SMAs reveal a bearish trend, decreasing by 2.71% and 5.08%.

The 1-hour RSI is at 60, suggesting that POL may be moving towards overbought conditions in the very short term. In contrast, the 7-day RSI at 43 indicates that the asset is approaching oversold territory, which can signal potential for a reversal if buying interest returns.

Over the past week, POL has dropped 7.82%, and the 14-day and 30-day price changes are also negative, at -6.78% and -26.37%, respectively. This prolonged downtrend highlights underlying bearish sentiment, particularly given that the price is significantly below its all-time high of $1.29.

Given the current technical indicators, POL is facing resistance at the 55 SMA ($0.1163) and the longer-term trend appears negative, with recent price action suggesting a lack of sustained buyer interest. However, the relatively high short-term RSI indicates potential for a minor rebound.

Overall, the mixed signals from the moving averages, RSI readings, and recent price performance suggest a cautious stance. Therefore, the recommendation is to Hold POL, allowing for potential stabilization or minor recoveries without committing to new positions amidst prevailing downward pressures.