- POL’s $0.4250 support remains critical for stability amid reduced trading volume.
- SAND faces $0.3350 as key support, with declining volume signaling lower momentum.
- AAVE consolidates near $161.00 support, eyeing a potential breakout past $165.00.
Polygon (POL) is holding steady at $0.37 despite a recent dip, while The Sandbox (SAND) and Aave (AAVE) are facing bearish pressure. Let’s find out if these altcoins can recover and follow Polygon’s lead.
Polygon (POL) Navigating a Volatile Landscape
POL’s price has faced downward pressure, currently trading at $0.4537, marking a 5.50% increase for the day.
Significantly, $0.4400 acts as a strong resistance, followed by $0.4350, which limits upward momentum during recoveries. On the downside, $0.4250 serves as a pivotal support, while $0.4200 could emerge as a lower boundary if bearish sentiment persists.
Source: CoinMarketCap
Consequently, a hold above $0.4250 could promote consolidation within $0.4300–$0.4350. However, breaking $0.4250 could lead to further declines. A 26.10% volume drop and a 2.32% market cap reduction highlight reduced activity.
The Sandbox (SAND) Battling Persistent Dow…
The post Polygon Holds Steady at $0.37 But Is it Time to Worry About SAND and AAVE? appeared first on Coin Edition.
