POL's recent market movement indeed gives a refreshing feeling. Starting from the low of $0.098 at the beginning of the year, it has surged by 37.6% and is currently holding firmly above the 50-day moving average. Looking upward, if it can break through the $0.138 hurdle, the next target at $0.155 is within reach. But don't get too excited; downward risks should also be watched—if it breaks below $0.129, it might retest the $0.119 zone.

Honestly, as an established L2 project, Polygon's fundamentals are solid. This sharp decline is more about market sentiment and liquidity issues than any project-specific problems. Recently, market sentiment has started to turn warmer, with large funds beginning to seek value pockets. POL does have some demand for a rebound. However, this depends on the overall environment improving. No matter how strong a single coin is, in a bear market or a period of continuous volatility, it’s hard to stand out on its own.