Polymesh Price Struggles Below $0.052 Amid Bear Market Concerns
Polymesh's (POLYX) price has struggled to stay above $0.052, leading some analysts to predict that a long-term bear market continuation is ahead.
In the past 24 hours, POLYX shed close to 4% of its value, while in the last 30 days it experienced a 16.6% increase. This brief bounce has sparked hopes for a potential bullish comeback, but the altcoin's long-term trend remains bearish.
A recent analysis by World of Charts on X suggests that POLYX may be getting ready to recover, based on its 3-day logarithmic chart. If Bitcoin (BTC) retests its $77k support zone and it turns out to be a retracement, it could have a positive impact on altcoin market sentiment and Polymesh's price.
According to the analysis of POLYX/USDT on TradingView, the $0.10 support zone held strong from 2023 to mid-2025, but was broken before the latest bear market in October 2025. The prevailing trend remains bearish, with the swing high at $0.0665 still unbroken.
The 1-day timeframe also shows a bearish swing structure for POLYX, but some technical indicators are giving bullish signals. The daily RSI is showing upward momentum, and the OBV has been steadily climbing since August, indicating that buying volume has exceeded selling volume.