The analysis assesses Polygon (POL) using Elliott Wave theory on a 4-hour timeframe. A change in wave structure is noted due to a strong rejection from resistance. The upward movement is characterized as non-impulsive, typical of many altcoins moving sideways. The analysis suggests a potential ABC corrective structure for wave 2, with key support levels identified between 0.1723 and 0.2046. A further drop below 0.1723 would negate the bullish scenario. For an upward breakout, the price needs to exceed the resistance area of 0.2270 to 0.2461. Surpassing 0.2461 could confirm a bottom, targeting 0.2970 as the next resistance. Tracking an alternative orange count, possibly indicating an ABC rally, with a more extended path towards 0.4297, but characterized as a very choppy move to the upside. Failure for Polygon would be if it goes below the range of 0.2046 to 0.1906.