Polygon's Price Rises Amid Selling Pressure and Whale Accumulation

Polygon's price has increased by nearly 13% since February 11, mirroring the conditions preceding its 90% rally earlier this year. According to NS3.AI, despite this upward movement, the market lacks a significant seller flush. Derivatives data reveals muted leverage and an increase in short positions, suggesting persistent selling pressure. However, whale accumulation is providing support to the price. Key levels to watch are $0.11 on the upside and $0.083-$0.087 on the downside, which will be crucial in determining whether sellers are overcome or maintain control.