Price Movement and Patterns: Polygon (POL) is experiencing short-term upward momentum, but its continuation depends on completing a five-wave pattern; failure to do so may lead to downside risks, with key support levels at 61.80% ($0.9408) and 78.60% ($0.3759).
Market Correlation and Strategy: The analysis highlights POL's correlation with Ethereum (ETH) and advises traders to remain cautious, suggesting the use of stop-losses near identified support levels while monitoring the evolving market dynamics.
