Polymesh Struggles Below $0.052 Amid Bearish Long-Term Trend
Polymesh (POLYX) is struggling to stay above $0.052, and its long-term trend remains bearish despite a recent bounce of over 16% in the past 30 days.
The altcoin's price has shed around 4% in the past 24 hours, but analysts are cautiously optimistic about a potential comeback due to the strength of Bitcoin (BTC) and Ethereum (ETH) in August.
A recent chart posted by World of Charts on X shows a possible path to recovery for POLYX, with some technical indicators suggesting upward momentum.