Polymesh Struggles Below $0.052 as Long-Term Bear Market Continues

Polymesh (POLYX) is struggling to stay above $0.052, down almost 4% in the past day.

The altcoin had seen a 16.6% increase over the last 30 days, but this bounce may not be enough to shift sentiment back to bullish.

Bitcoin and Ethereum's strong gains in August have given reason for optimism, but Polymesh is still reeling from a long-term bear market that began in October 2025.

The $0.10 support zone held strong from 2023 to mid-2025, but even if bulls manage to drive the price above the current resistance zone at $0.0518, the prevailing trend remains bearish.

The technical indicators offer some hope for a turnaround, with the daily RSI reading at 57 and the OBV steadily climbing higher since August.