The analysis focuses on Polygon (POLUSD) using the 1-hour and weekly timeframes, interpreting the current sideways action as potentially part of a Wave 2 formation, suggesting a possible upside reversal pattern on a local basis. The cryptocurrency market has been grinding sideways for quite some time, leading to a low-confidence thesis. The Fibonacci support zone lies between 0.1616 and 0.1798, needing to be held to keep the potential for an upside reversal, it will get an early indication of 0.213 cent turning around if it does not, we could get a break. A break above 0.24 is essential to revert the selling pressure initiated on October 10. The recent move-up could simply be a Wave C of a Wave 4 rally, the move-up could also be seen as Wave 1 with subsequent decline for Wave 2 higher low setting for long prices of 5 dollars.