Long
Polymath hinting a likely reversal at long term support
Polymath has entered oversold territory on the RSI. The price has dipped quite a bit but the OBV has not turned negative so much.
This is most likely a shakeout and Poly will reverse shortly and bounce back higher.
On the fundamental side they will release their new blockchain called Polymesh which is catered to Security Token Offerings (STOs).
With the influx of institutions entering the crypto industry, they will look for solutions that are required for security offerings.
Targets:
1100 sats
1500 sats
2000 sats
4000 sats
Note: This is not financial advise. Please do your own research.
This is most likely a shakeout and Poly will reverse shortly and bounce back higher.
On the fundamental side they will release their new blockchain called Polymesh which is catered to Security Token Offerings (STOs).
With the influx of institutions entering the crypto industry, they will look for solutions that are required for security offerings.
Targets:
1100 sats
1500 sats
2000 sats
4000 sats
Note: This is not financial advise. Please do your own research.
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