POLYX Crypto Struggles Below $0.052 Amid Bearish Market Outlook

Polymesh [POLYX], dubbed the “blockchain purpose-built for real-world assets,” has shed close to 4% in the past 24 hours. The altcoin was up 16.6% over the past 30 days, and this bounce has given reason to consider a bullish comeback.

In a post on X, popular crypto analysis account World of Charts shared the 3-day logarithmic POLYX crypto chart. Simply captioned “getting ready,” the chart showed a possible path to recovery for the altcoin.

The sentiment around Bitcoin [BTC] and Ethereum [ETH] was bullish after the strong gains the two crypto leaders made in August. If BTC’s retest of the $77k support zone in recent days turns out only to be a retracement, it could help the altcoin market sentiment and also Polymesh.

Assessing the POLYX crypto comeback chances

The $0.10 support zone was one that held strong from 2023 to mid-2025. Even before the onset of the latest bear market in October 2025, the POLYX crypto weekly swing structure had been bearish.

This downtrend was still in place. The latest swing high at $0.0665 (orange), set in May, needs to be breached to flip the structure bullishly.

Meanwhile, the previous swing low at $0.0518 (green) was now being tested as a resistance zone. Even if POLYX bulls drive the bounce above this area, the prevailing trend remains bearish.