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How to read a price chart

Updated · Nimb

A Polymarket price chart plots the market's chance of Yes over time, so its shape shows how traders' expectations changed. On Nimb, the chart in each market panel shows hourly prices for the timeframe you choose, with a dashed 50% line when the price has crossed even odds.

What does the chart show, in one sentence?

Each point is the outcome's price at the end of an hour, read as a percentage chance, from the start of the timeframe on the left to now on the right.

The chart sits under the reading in the market panel, labelled "Chance of Yes · 7D" (or the outcome's name in a multi-outcome event). The line takes the market's category colour. The top and bottom labels give the highest and lowest values on the chart; the scale zooms to the range the price actually covered, with a small margin. Hover anywhere to see the price and time (UTC) at that hour; a dot marks the latest price. Reading the shape is part of market reading: the level tells you what traders expect, the shape tells you how they got there.

An illustrative 7D chart, as text:

TimeChanceAnnotation
7 days ago45%Start of window
6 days ago, 02:00–14:00 UTC45%Flat line: no trades, last price carried forward
4 days ago47%Slow drift up over two days
2 days ago, 15:00 UTC47% → 52%Crosses the dashed 50% line
1 day ago, 18:00 UTC52% → 41%Step down of 11 points in one hour: likely news
Now41%End dot

What does the dashed line at 50% mean?

It marks even odds, the point where the market flips from "more likely No" to "more likely Yes". It is the only reference line Nimb draws, and it appears only when the chart's range crosses 50%. If the price stayed between 60% and 75% all week, there is no line, because there is nothing to cross. This follows Nimb's design system: one reference, drawn only when it means something.

Crossing 50% matters for headlines ("now the favourite") more than for money: a move from 48% to 52% is 4 points, the same as 70% to 74%.

How do you tell a news jump from a drift?

ShapeLooks likeUsually meansCheck
JumpNear-vertical step within an hour or twoNews, a result or an official announcementFind the source. Look for a matching bar in money flow.
DriftSteady slope over daysOpinion shifting, polls, slow informationIs the volume steady, or is the drift made of a few small trades?
Spike and revertUp and straight backA large order hitting a thin book, or a rumour deniedLiquidity in the book; the "Thin order book" check
Flat lineHorizontal for hoursNo trades in that timeVolume for the timeframe; is the price stale?
Staircase to 0% or 100%Steps towards the end of the scaleOutcome becoming settledResolution date and rules

Why is the line flat for hours?

Because nobody traded, or the price did not change. Nimb builds the chart from Polymarket's hourly price history. Where an hour has no new price, Nimb carries the last known price forward until the next one. Nimb's own tests measured how often this happens: 69% of hourly price changes and 43% of 12-hour changes in its snapshot were exactly zero. A flat stretch is therefore often a stale price, not a stable one. The real price would only show when someone next traded, and it can open well away from the line.

What is an unusual move?

Nimb calls a move unusual when the last 24 hours moved the price by at least 2× a typical day for that market. "A typical day" is the standard deviation of the market's 24-hour changes over the past 30 days. The check runs in the "Before you trade" box:

MarketTypical dayLast 24 hoursMultipleNimb says
Quiet policy market1.5 pts+4.0 pts2.7×"Moved +4.0 points in 24 hours, 2.7× a typical day. Unusual moves often follow news: check what happened before you follow it." (highlighted)
Busy crypto price market5.0 pts+4.0 pts0.8×"Moved +4.0 points in 24 hours, within a normal day for this market."
Any marketunder 1 pt"Flat over the last 24 hours."

The same 4 points is news in one market and noise in another. On the map, the 12 biggest movers over the timeframe pulse, if they moved at least 1.5 points. More in Before you trade checks.

Which timeframe should I use?

TimeframeChart coversGood forWatch out for
1H, 12H, 24HUp to 24 hourly pointsWhat moved today; reacting to newsFew points; one trade can dominate
3D, 7D72 or 168 hourly pointsThe week's story; drift vs jumpWeekend gaps and flat stretches
30D720 hourly pointsTrend and the market's normal rangeOld moves that no longer matter

For market reading, start on 7D, then check 24H for anything recent and 30D for context. The timeframe also changes the points figure beside the chance and the volume rows. See timeframes.

What can a price chart not tell you?

  • Why it moved. The chart shows when; the news is elsewhere.
  • How much money moved it. A 10-point jump can be $200 in a thin book. Read the chart next to money flow and volume.
  • Moves inside the hour. Hourly points hide spikes that reverted within the hour. The live chance at the top of the panel updates in seconds; the chart history does not.
  • The future. Trends in prediction markets do not have to continue; a price at 41% is the market's current estimate, and a past slope is not a forecast.

Back to all six checks: how to read a market.

From reading to execution

A chart is one part of reading the market. If it shows a jump, find the news before you act on it; if it shows a flat line, treat the price as possibly stale. Then use the order ticket, which prices your order from the live chance rather than the chart.

Last reviewed 2026-11-07 · Data from Polymarket · Not financial advice · Nimb is not affiliated with Polymarket.