Polymesh (POLYX) has experienced a decline of over 9% in the past week, reflecting broader market retracements. The token is currently testing a crucial support level around $0.1098, situated within a descending triangle pattern. Historically, the $0.1050–$0.1155 range has served as a strong demand zone. A successful defense of this area could potentially lead to a rebound, while a break below $0.1050 may result in further declines.