Polygon (POL) 形成看漲旗形，但前進道路仍不確定

乍一看，Polygon 的 POL 代幣的圖表似乎正在準備突破。四小時圖表透過形成「牛旗」而引起關注，這種圖表模式通常表明潛在的上漲走勢。

Polygon’s (CRYPTO: MATIC) price appeared to be setting up for a breakout, having formed a “bull flag” on its four-hour chart — a technical pattern that indicated a possible upward movement.

Polygon（CRYPTO：MATIC）的價格似乎正在準備突破，在其四小時圖表上形成了「牛旗」——這種技術模式表明可能會上漲。

The price of POL, currently trading at $0.655, had seen a modest recovery after a sharp decline earlier this month. It had risen 11% in the last 24 hours.

POL 的價格目前交易價格為 0.655 美元，在本月初大幅下跌後略有回升。過去 24 小時內上漲了 11%。

However, this uptick came after a bearish dip that saw POL fall 7% over the past week.

然而，這次上漲是在過去一周 POL 下跌 7% 的看跌下跌之後發生的。

The recent pattern on the chart hinted at a possible continuation of the previous uptrend. But analysts noted that the price could face resistance as many investors were still sitting on losses, and their willingness to hold or sell could influence the token’s price action.

圖表上的近期形態暗示先前的上升趨勢可能會延續。但分析師指出，價格可能面臨阻力，因為許多投資者仍在虧損，他們持有或出售的意願可能會影響代幣的價格走勢。

Low Volume, High Uncertainty: A Risk For Buyers?

成交量低，不確定性高：買家面臨風險嗎？

The bull flag suggested that POL could indeed continue moving upward, but the key to its success lay in increasing buying volume.

牛旗顯示POL確實可以繼續上漲，但其成功的關鍵在於購買量的增加。

At present, the buying activity appeared sluggish, with minimal fluctuation in both buying and selling volumes, as reflected in the volume histogram bars.

目前，買盤活動顯得疲軟，成交量長條圖反映了買盤量和賣盤量的波動很小。

The Money Flow Index (MFI) had recently risen to 62, hinting at a modest increase in buying pressure.

資金流量指數（MFI）最近升至 62，暗示購買壓力略有增加。

Moreover, the Moving Average Convergence Divergence (MACD) indicator had flipped green, signaling that the bulls may be regaining control. The MACD histogram bars were now showing positive momentum, and the MACD line was trending upwards. If this line crosses above the signal line, it could confirm short-term bullish sentiment.

此外，移動平均趨同分歧（MACD）指標已轉綠，表明多頭可能正在重新獲得控制權。 MACD長條圖現在顯示出正面的勢頭，MACD線呈上升趨勢。如果該線突破訊號線，則可能確認短期看漲情緒。

But without a significant surge in buying activity, sustaining an uptrend would remain a challenge.

但如果購買活動沒有大幅增加，維持上升趨勢仍將是一項挑戰。

Key Support And Resistance Levels To Monitor

需要監控的關鍵支撐位和阻力位

To understand the potential price movement, it’s crucial to watch the key levels on the chart.

要了解潛在的價格走勢，觀察圖表上的關鍵水平至關重要。

According to data from IntoTheBlock’s In/Out of the Money Around Price (IOMAP) metric, there are significant price zones to be aware of.

根據 IntoTheBlock 的價格周圍資金/資金外 (IOMAP) 指標的數據，有一些重要的價格區域需要注意。

Nearly 10,000 addresses bought POL between $0.65 and $0.67, which could now serve as a strong support level. If the price falls below this range, it might trigger a downturn, leading to further losses.

近 10,000 個地址在 0.65 美元至 0.67 美元之間購買了 POL，現在可以作為強有力的支撐位。如果價格跌破該區間，可能會引發低迷，導致進一步損失。

On the flip side, there’s another important price zone between $0.67 and $0.69, where more than 10,000 addresses collectively purchased over 31 million POL tokens. This group of holders could create strong selling pressure if the price reaches this range and they begin to realize profits, forming a potential resistance zone.

另一方面，0.67 美元到 0.69 美元之間還有另一個重要的價格區域，其中超過 10,000 個地址總共購買了超過 3,100 萬個 POL 代幣。如果價格達到這個範圍，這群持有者可能會產生強大的拋售壓力，並且他們開始實現利潤，形成潛在的阻力區。

Declining DApp Activity: What’s Behind The Drop?

DApp 活動下降：下降背後的原因是什麼？

Despite the potential for price gains, Polygon is facing headwinds in other areas.

儘管價格有上漲的潛力，但 Polygon 在其他領域仍面臨阻力。

One key metric to consider is the drop in activity on Polygon’s decentralized applications (dApps).

需要考慮的關鍵指標之一是 Polygon 去中心化應用程式 (dApp) 的活動下降。

According to DappRadar, Polygon’s seven-day dApp volumes have decreased by over 8%, with the current volume standing at $2.41 billion.

根據 DappRadar 的數據，Polygon 的 7 天 dApp 交易量下降了 8% 以上，目前交易量為 24.1 億美元。

Additionally, the number of Unique Active Wallets (UAWs) has fallen by 10%, suggesting that user engagement on the platform may be slowing.

此外，Unique Active Wallets (UAW) 的數量下降了 10%，表明該平台上的用戶參與度可能正在放緩。

However, it’s not all bad news for the Polygon network.

然而，對於 Polygon 網路來說，這也不全然是壞消息。

In the realm of decentralized finance (DeFi), Polygon is showing resilience.

在去中心化金融（DeFi）領域，Polygon 展現出了韌性。

The Total Value Locked (TVL) in DeFi protocols on Polygon has surged to $1.195 billion, reaching its highest level in over a month.

Polygon 上 DeFi 協議的總鎖定價值（TVL）已飆升至 11.95 億美元，達到一個多月以來的最高水準。

This increase in TVL points to growing interest in Polygon’s DeFi ecosystem, which could provide some support for the POL token if the trend continues.

TVL 的增加表明人們對 Polygon 的 DeFi 生態系統越來越感興趣，如果這種趨勢持續下去，這可能會為 POL 代幣提供一些支援。

Sentiment Shifts: A Rising Tide Of Short-Selling

情緒轉變：賣空浪潮興起

While Polygon has managed to retain some bullish indicators, the overall sentiment among traders remains cautious.

儘管 Polygon 成功保留了一些看漲指標，但交易員的整體情緒仍然謹慎。

The long/short ratio of Polygon’s token has fluctuated significantly over the past few weeks.

Polygon 代幣的多空比率在過去幾週內波動較大。

On December 9th, the ratio hit a monthly low of 0.79, reflecting a rise in short-selling activity.

12月9日，該比率觸及0.79的月度低點，反映出賣空活動的增加。

However, by December 13th, this ratio had improved to 0.90, signaling a shift in sentiment toward a more neutral or slightly optimistic view.

然而，到 12 月 13 日，這一比率已改善至 0.90，表明情緒轉向更中性或略樂觀的觀點。

Even though this shift represents a more favorable outlook for buyers, there are still more short positions than long ones, indicating that 52% of traders are betting on the price declining further.

儘管這種轉變對買家來說是一個更有利的前景，但空頭頭寸仍然多於多頭頭寸，這表明 52% 的交易者押注價格進一步下跌。

This bearish sentiment, combined with the declining dApp activity, suggests that POL might face an uphill battle before breaking out decisively.

這種看跌情緒，加上 dApp 活動的下降，表明 POL 在果斷爆發之前可能面臨一場艱苦的戰鬥。

Should Buyers Be Cautious?

買家該謹慎嗎？

In conclusion, while the formation of a bull flag on Polygon’s price chart suggests the potential for an uptrend, traders should remain cautious.

總之，雖然 Polygon 價格圖表上牛旗的形成表明存在上升趨勢的潛力，但交易者應保持謹慎。

The current low trading volumes, the possibility of profit-taking from key price zones, and the decreasing dApp activity all point to potential risks for buyers.

目前的低交易量、關鍵價格區域獲利了結的可能性以及 dApp 活動的減少都表明買家存在潛在風險。

Furthermore, the shift in sentiment from short-selling to slightly bullish may indicate a market that is still uncertain about Polygon’s ability to maintain

此外，情緒從賣空轉向略微看漲可能表明市場仍不確定 Polygon 維持穩定的能力