Polygon (POL) 形成看涨旗形，但前进道路仍不确定

乍一看，Polygon 的 POL 代币的图表似乎正在准备突破。四小时图表通过形成“牛旗”而引起关注，这种图表模式通常表明潜在的上涨走势。

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) 的价格似乎正在准备突破，在其四小时图表上形成了“牛旗”——这种技术模式表明可能会上涨。

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 的价格目前交易价格为 0.655 美元，在本月初大幅下跌后略有回升。过去 24 小时内上涨了 11%。

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

然而，这次上涨是在过去一周 POL 下跌 7% 的看跌下跌之后发生的。

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.

图表上的近期形态暗示之前的上升趋势可能会延续。但分析师指出，价格可能面临阻力，因为许多投资者仍在亏损，他们持有或出售的意愿可能会影响代币的价格走势。

Low Volume, High Uncertainty: A Risk For Buyers?

成交量低，不确定性高：买家面临风险吗？

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

牛旗表明POL确实可以继续上涨，但其成功的关键在于购买量的增加。

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，买盘活动显得疲软，成交量柱状图反映了买盘量和卖盘量的波动很小。

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

资金流量指数（MFI）最近升至 62，暗示购买压力略有增加。

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，移动平均趋同分歧（MACD）指标已转绿，表明多头可能正在重新获得控制权。 MACD柱状图现在显示出积极的势头，MACD线呈上升趋势。如果该线突破信号线，则可能确认短期看涨情绪。

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

但如果购买活动没有大幅增加，维持上升趋势仍将是一个挑战。

Key Support And Resistance Levels To Monitor

需要监控的关键支撑位和阻力位

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

要了解潜在的价格走势，观察图表上的关键水平至关重要。

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

根据 IntoTheBlock 的价格周围资金/资金外 (IOMAP) 指标的数据，有一些重要的价格区域需要注意。

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 个地址在 0.65 美元至 0.67 美元之间购买了 POL，现在可以作为强有力的支撑位。如果价格跌破该区间，可能会引发低迷，导致进一步损失。

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，另一个重要的价格区域在 0.67 美元到 0.69 美元之间，超过 10,000 个地址总共购买了超过 3100 万个 POL 代币。如果价格达到这个范围，这群持有者可能会产生强大的抛售压力，并且他们开始实现利润，形成潜在的阻力区。

Declining DApp Activity: What’s Behind The Drop?

DApp 活动下降：下降背后的原因是什么？

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

尽管价格有上涨的潜力，但 Polygon 在其他领域仍面临阻力。

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

需要考虑的一项关键指标是 Polygon 去中心化应用程序 (dApp) 的活动下降。

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

根据 DappRadar 的数据，Polygon 的 7 天 dApp 交易量下降了 8% 以上，目前交易量为 24.1 亿美元。

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) 的数量下降了 10%，表明该平台上的用户参与度可能正在放缓。

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

然而，对于 Polygon 网络来说，这也不全是坏消息。

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

在去中心化金融（DeFi）领域，Polygon 展现出了韧性。

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 协议的总锁定价值（TVL）已飙升至 11.95 亿美元，达到一个多月以来的最高水平。

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 的增加表明人们对 Polygon 的 DeFi 生态系统越来越感兴趣，如果这种趋势持续下去，这可能会为 POL 代币提供一些支持。

Sentiment Shifts: A Rising Tide Of Short-Selling

情绪转变：卖空浪潮兴起

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

尽管 Polygon 成功保留了一些看涨指标，但交易员的整体情绪仍然谨慎。

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

Polygon 代币的多空比率在过去几周内波动较大。

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

12月9日，该比率触及0.79的月度低点，反映出卖空活动的增加。

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，这一比率已改善至 0.90，表明情绪转向更加中性或略乐观的观点。

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.

尽管这种转变对买家来说是一个更有利的前景，但空头头寸仍然多于多头头寸，这表明 52% 的交易者押注价格进一步下跌。

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

这种看跌情绪，加上 dApp 活动的下降，表明 POL 在果断爆发之前可能面临一场艰苦的战斗。

Should Buyers Be Cautious?

买家应该谨慎吗？

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

总之，虽然 Polygon 价格图表上牛市旗的形成表明存在上升趋势的潜力，但交易者应保持谨慎。

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.

当前的低交易量、关键价格区域获利了结的可能性以及 dApp 活动的减少都表明买家存在潜在风险。

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，情绪从卖空转向略微看涨可能表明市场仍不确定 Polygon 是否有能力维持