POLYX crypto price trend stays bearish as token sits 95% below 2024 high
Polymesh’s POLYX token has slipped nearly 4% in the past 24 hours, a pullback that comes right after a month of gains and raises fresh questions about the broader POLYX crypto price trend. The asset, often described as the blockchain built for real-world assets, had actually climbed 16.6% over the previous 30 days before this latest dip, giving traders a brief reason to hope for a turnaround. That optimism is now being tested against a chart structure that has stayed stubbornly bearish since October 2025.
Key takeaways
- POLYX has dropped almost 4% in 24 hours after a 16.6% rally over the prior 30 days.
- The token is down 95% from its 2024 all-time high of $0.75.
- A former $0.10 support zone held from 2023 to mid-2025, but the weekly trend turned bearish in October 2025.
- Weekly resistance sits at $0.0665, with $0.0518 now acting as a secondary ceiling.
- Daily RSI at 57 and a rising OBV since August hint at underlying buying pressure, even as price keeps sliding.
Recent Price Movements Point to Persistent Bearish Pressure
The short-term swings tell a story of hesitation rather than conviction. A near 4% drop in a single day, following a monthly gain of 16.6%, suggests traders are still unsure whether the bounce was the start of something bigger or just a temporary retracement inside a longer downtrend.
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