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$POL TURNS DEFLATIONARY BUT BREAKS BELOW KEY SUPPORT ๐ฑ
$POL just flipped net deflationary after burning 107M tokens from fees, outpacing 105M new issuance. Thatโs a massive fundamental milestone for any Layer 1. But price didnโt celebrate โ it sliced through 0.07161 support and now sits at 0.06948.
The CVD is blood red and over 670k POL have been dumped onto exchanges in the last 24 hours. Pure technical selling is overpowering the on-chain deflation story right now. Price is compressing inside a long-term triangle, and weโre close to a resolution.
Are you accumulating with the whales at these levels or waiting for the triangle to break lower?
Not financial advice. Always manage your risk.
#POL #Deflationary #TechnicalSelling #TrianglePattern
๐ฅ
$POL just flipped net deflationary after burning 107M tokens from fees, outpacing 105M new issuance. Thatโs a massive fundamental milestone for any Layer 1. But price didnโt celebrate โ it sliced through 0.07161 support and now sits at 0.06948.
The CVD is blood red and over 670k POL have been dumped onto exchanges in the last 24 hours. Pure technical selling is overpowering the on-chain deflation story right now. Price is compressing inside a long-term triangle, and weโre close to a resolution.
Are you accumulating with the whales at these levels or waiting for the triangle to break lower?
Not financial advice. Always manage your risk.
#POL #Deflationary #TechnicalSelling #TrianglePattern
๐ฅ
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