POLYX crypto struggles below $0.052: Long-term bear market continuation ahead?

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.