Connect with us

Crypto World

90% Rally Setup Returns, But With a Twist

Published

on

Divergence Setup

Polygon price is showing fresh signs of recovery after weeks of steady selling. Since February 11, POL is up nearly 13%, and over the past 24 hours, it has gained around 5.4%, holding most of its rebound near $0.095.

At first glance, the structure looks similar to the setup that triggered Polygon’s 90% rally earlier this year. Price is stabilizing, momentum is improving, and buyers are active near support. But this time, one critical element is missing. The last rally began after sellers were fully flushed out. This time, that flush has not happened yet.

POL Price Repeats the Old Reversal Pattern, But Without a Clean Seller Flush

Before the January rally, Polygon formed a very clear bottom. Between December and early January, the POL price printed a sharp lower low in a single move. Sellers capitulated. Weak hands exited. That created a clean base for buyers to step in.

Sponsored

Advertisement

Sponsored

This time, the structure is different.

Between January 31 and February 11, POL again made a lower low near $0.087, while the Relative Strength Index, or RSI, formed a higher low. RSI measures buying and selling strength, and this bullish divergence usually signals that selling pressure is weakening. But instead of one decisive breakdown candle, POL tested the same support area twice.

Divergence Setup
Divergence Setup: TradingView

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Two separate candles touched the $0.087 zone. This creates a “lower-low zone” instead of a clean lower low.

Advertisement

That matters. When a market prints a single deep low, it usually means sellers have given up, hinting at exhaustion. When the price keeps revisiting the same level, it means sellers are still active. Supply has not been fully absorbed yet. So even though the technical pattern looks similar, the psychology is different.

The market has stabilized, but it has not been fully cleansed. That unfinished seller flush is the foundation of the entire twist.

Sponsored

Sponsored

Advertisement

Muted Leverage and Rising Shorts Reflect Unfinished Selling Pressure

This incomplete flush is clearly visible in the derivatives data. During the January rally, leverage exploded early.

Open interest on Binance jumped from around $16.6 million to over $40 million, rising more than 140% in a few days. Traders rushed into long positions as soon as the price turned. This time, that has not happened. Since February 11, while POL gained nearly 13%, open interest has stayed near $18.80 million. There is no strong buildup of leverage yet. Possibly hinting at low conviction.

Open Interest Steady
Open Interest Steady: Santiment

More importantly, funding rates are now negative, near -0.012. Funding rates show which side dominates futures markets. Negative rates mean short traders are paying longs. That signals growing bearish positioning.

In January, funding was positive. Traders were betting aggressively on upside. Now, shorts are building.

This fits perfectly with the price structure. Because sellers have not been flushed out, traders are still comfortable betting against the rally. They see unfinished downside risk. So instead of chasing longs, many are positioning for pullbacks. That lends a major hit to the supposed rally’s conviction.

Advertisement
Funding Rate
Funding Rate: Santiment

Sponsored

Sponsored

This keeps leverage restrained and momentum controlled. The rally is moving forward, but under constant pressure.

Whale Accumulation Is Supporting Price, But Not Forcing Capitulation

While traders remain cautious, large holders are behaving differently. Since early February, whale holdings have risen from around 7.5 billion to nearly 8.75 billion POL, an increase of about 16%. This shows that long-term buyers are accumulating quietly.

Their buying is the main reason the price keeps rebounding from the $0.087 area.

Advertisement
POL Whales
POL Whales: Santiment

But whale accumulation has another effect. It absorbs supply without triggering panic. Instead of forcing weak sellers out, whales are slowly taking their coins. That stabilizes the price but delays capitulation. It is worth noting that during the last early-2026 rally, these Polygon whales hardly increased their stash.

Sponsored

Sponsored

So the market ends up in between:

  • Sellers are still present (not flushed out)
  • Buyers are active
  • No one is fully in control of the Polygon price

This is why the price is rising gradually, not explosively. And that might limit the rally potential going forward.

Key Polygon Price Levels Will Decide Whether Sellers Finally Get Flushed

With unfinished selling pressure still in the system, price levels now matter more than patterns. On the upside, the key level is $0.11.

Advertisement

A clean break above $0.118 would signal that remaining sellers are being overwhelmed. From current levels, that would be another 24% move. It would likely attract leverage and weaken short positions, finally completing the flush. Above that, targets open toward $0.137 and $0.186.

Polygon Price Analysis
Polygon Price Analysis: TradingView

On the downside, the critical support zone is $0.083-$0.087. If POL breaks below that, the lower-low setup fails, and a new one starts forming. That would confirm that sellers still have control and that the unfinished flush is playing out. In that case, the price could slide toward $0.072 and $0.061.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

CAAT Pension Plan Fires CEO Derek Dobson Over $1.6 Million Vacation Payout

Published

on

Nexo Partners with Bakkt for US Crypto Exchange and Yield Programs

TLDR:

  • CAAT CEO Derek Dobson resigned immediately after a $1.6M vacation payout triggered public outrage in 2026.
  • A settlement agreement requires Dobson to repay the controversial 2025 vacation payout to the plan fully.
  • Acting CEO Kevin Fahey appointed five internal senior leaders to restore stability and stakeholder trust.
  • CAAT remains financially strong, with a funded status of 124%, holding over $23 billion in total plan assets.

The CAAT Pension Plan has announced the immediate departure of CEO Derek Dobson after a $1.6 million vacation payout triggered widespread public backlash.

The Toronto-based organization reached a settlement requiring his resignation and full repayment of the 2025 vacation payment.

A new senior leadership team has since been appointed to lead the plan. CAAT manages over $23 billion in assets and remains one of Canada’s most well-funded pension organizations.

Settlement Agreement Closes Dobson’s Chapter at CAAT

The CAAT Board of Trustees confirmed that Dobson’s departure took effect immediately under a formal settlement. He agreed to resign and repay the full $1.6 million vacation payout received for 2025.

Both parties acknowledged the importance of moving forward to support the plan’s long-term health. The agreement brings closure to a period that raised serious governance concerns.

Advertisement

CTV News first reported the controversy, revealing the payout Dobson received as part of his 2025 compensation. The report quickly drew public attention and sparked debate about executive pay at pension funds.

Advertisement

Many questioned whether such a payment was appropriate for a public-facing pension organization. The board responded swiftly, settling shortly after the story surfaced.

Reactions spread across social media as the story gained traction online. One widely shared comment captured the public mood: “He thought taking a $1.6 million vacation payment was a good use of funds?” That response reflected growing frustration over accountability at pension institutions. The board’s quick action was broadly seen as a necessary step toward rebuilding trust.

The Financial Services Regulatory Authority of Ontario also engaged constructively with the plan throughout this process. CAAT thanked the regulator for its role in helping strengthen governance and oversight practices.

Their involvement reflected broader scrutiny of pension fund management across the sector. It also reinforced the board’s commitment to acting in the best interests of all members.

Advertisement

New Leadership Team Steps In to Drive Stability and Trust

Acting CEO Kevin Fahey, who also serves as Chief Investment Officer, now leads CAAT’s day-to-day operations. Five senior leaders from within the organization were appointed to report directly to Fahey.

Addressing the appointments, Fahey stated: “I am proud that these five senior leaders are all existing CAAT employees who will drive stability and institutional continuity. He added that their internal relationships would help teams better serve members every day.

John Baiocco was appointed Senior Vice President of Funding and Sustainability, while Stephen Hewitt became Senior Director of Communications.

Laura Foster was named interim Chief Financial Officer, Jillian Kennedy took on the role of Chief Operating Officer, and James Fera was appointed Chief Legal Officer and General Counsel.

Advertisement

The board expressed confidence in the team’s ability to engage staff and serve members throughout the transition. A search for a Chief Human Resources Officer remains ongoing at this time.

Board Chair Audrey Wubbenhorst praised Fahey for the progress made since his appointment as acting CEO. She said: “The Board continues to focus on its work in the best interests of members.”

Wubbenhorst also expressed gratitude to all stakeholders for their “ongoing trust and confidence in the Plan.” Restoring the plan’s reputation stands as a clear priority as new leadership takes hold.

CAAT reported a funded status of 124%, holding $1.24 for every $1 of promised pension benefits. The plan also carries over $6 billion in funding reserves to guard against market volatility and demographic risks.

Advertisement

These figures provide a layer of stability as the organization navigates this leadership change. The plan’s financial foundation remains solid as it enters this new phase.

 

Advertisement

Source link

Continue Reading

Crypto World

Crypto Fear and Greed Index Stumbles Back to ‘Extreme Fear’ Territory

Published

on

CoinMarketCap, Market Analysis

The Crypto Fear and Greed Index, one of the most widely used gauges of crypto investor sentiment, has fallen back down to “extreme fear” levels after briefly recovering on Wednesday.

The Crypto Fear and Greed Index is at 18 at the time of this writing, down from the 20 recorded on Friday, according to CoinMarketCap. 20 signals “fear,” an atmosphere of caution among investors, but an improvement over rock-bottom market sentiment.

Sentiment briefly spiked to 25 on Wednesday, but contracted as geopolitical tensions between the US, Israel and Iran continue to erode risk appetite and increase macroeconomic uncertainty among market participants.

CoinMarketCap, Market Analysis
The Crypto Fear and Greed Index hits 18, signaling “extreme fear” among investors. Source: CoinMarketCap

The index hit a yearly low of 5 in February amid the crypto market downturn and several headwinds, including renewed geopolitical tensions and macroeconomic concerns, such as uncertainty over interest rate policy, liquidity levels and rising US government debt.

Crypto assets have been in a bear market since the October 2025 crash, which slashed the price of Bitcoin (BTC) by over 50% from its all-time high, before BTC staged a limited recovery, and erased hundreds of billions of dollars in value from the altcoin market.

Advertisement

Related: Bitcoin sentiment hits record low as contrarian investors say $60K was BTC’s bottom

Alts suffer the most as sentiment craters

38% of altcoins are hovering near all-time low prices, which is more severe than the aftermath of the FTX collapse, according to CryptoQuant analyst Darkfost.

The price collapse was accompanied by about a 50% reduction in crypto trading volume, Darkfost told Cointelegraph.

CoinMarketCap, Market Analysis
38% of altcoins are hovering at or near all-time low prices. Source: CryptoQuant

“Altcoins remain the last sector of the crypto market where liquidity typically flows, so this situation is not surprising, given the geopolitical and macroeconomic deterioration observed over the past several months,” he said.

Mentions of altcoins on social media platforms sank to their lowest level in two years, according to crypto market sentiment analysis platform Santiment.

Advertisement

In February 2026, worldwide Google search volume for “Bitcoin going to zero” also hit its highest level since 2022, according to data from Google Trends, corroborating the low investor confidence measured by other sentiment indicators.

Magazine: If the crypto bull run is ending… it’s time to buy a Ferrari: Crypto Kid