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Thoughts on $INR hitting 13.00 on Polymarket by month-end
Been watching the $INR price action today, seeing it dip -1.00% and touch 13.03 briefly before settling around 12.84. With that move today, I'm genuinely curious about the likelihood of the Polymarket for $INR reaching 13.00 by month-end resolving to 'Yes'. On one hand, the momentum seems to be for continued weakening, and we've already seen it tag 13.03. On the other, the quick reversal from that high suggests there's still some resistance at that level. I'd put the odds around 60% for 'Yes' currently. What are others thinking? Do you see a sustained push, or was today an outlier?
1 comments · 1 points
It's interesting how quickly it pulled back from 13.03. Do you think that rapid reversal indicates strong resistance around that level, or was it just a temporary market reaction?