The current price of POL (ex-MATIC) stands at $0.128175, reflecting a 24-hour decline of 3.41%. The daily trading range has been relatively narrow, oscillating between a high of $0.134578 and a low of $0.127034, indicating a market that is currently lacking momentum.

The trading volume of 72,904,563 suggests moderate interest in the asset, with a volume-to-market cap ratio of 5.37%. However, the hourly and daily moving averages are all showing negative trends, with the 8 SMA at $0.1309 down 2.07% and the 144 SMA at $0.1361 down 5.80%, indicating short-term bearish sentiment.

The 1-hour RSI is at 30, signifying that the asset is approaching oversold territory, which could indicate potential for a price rebound if buying interest increases. In contrast, the 7-day RSI of 43 and the 14-day price change of -16.50% highlight a broader bearish trend, confirming ongoing selling pressure.

Over the last 30 days, POL has shown a significant price increase of approximately 20.90%, yet the recent 7-day price change of -12.05% suggests that the asset is currently undergoing a correction. The all-time high of $1.29 reached in March 2024 remains distant, emphasizing the need for substantial recovery to regain previous bullish levels.

Given the recent price action, moving averages, and RSI indicators, the current market sentiment for POL appears bearish in the short term. Therefore, the recommendation is to Hold at this stage, as potential for a rebound exists if buying pressure can materialize, but risks remain elevated until a clear upward trend is established.