Currently, POL is trading at $0.116945, experiencing a slight uptick of 1.22% over the past 24 hours. The daily range has been relatively tight, with a low of $0.115537 and a high of $0.121038, indicating limited volatility in the short term.

The volume stands at 78,150,419, representing 6.32% of the market cap, which suggests moderate trading activity. However, the price has shown a significant decline of 13.48% over the past week and 26.55% over the past 14 days, pointing to bearish sentiment in the medium term.

Short-term moving averages indicate a downward trend, with the 8 SMA at $0.1188, reflecting a decline of 1.60%. The 1-hour RSI at 39 and the 7-day RSI at 41 are both below the neutral level of 50, suggesting a weak momentum that may indicate oversold conditions.

The 30-day price change of 11.14% is the only positive indicator in the recent performance, which may suggest some accumulation prior to the current downtrend. Nevertheless, the all-time high of $1.29 reached on March 13, 2024, creates a stark contrast to the current price, emphasizing the substantial distance that needs to be covered for a recovery.

Given the current indicators, including the bearish moving averages, low RSI readings, and the significant recent price declines, the market sentiment for POL appears weak. A cautious approach is recommended at this juncture, leading to a Hold rating, as potential buyers might want to wait for clearer signs of a reversal before committing capital.