Polygon (POL) rebounded 13% and is trading around $0.095–$0.097, reviving signs of a previous rally that reached 90%. However, doubts remain about its sustainability and how long the rally can last.
Polygon (POL) began showing positive signs, rising 13% and maintaining a relatively stable price despite mixed signals. Furthermore, on-chain metrics reflect a nearly 16% increase in whale holdings since the beginning of February, suggesting strategic accumulation at levels considered attractive.
In this context, buyers have firmly defended the $0.087 zone, consolidating it as a relevant short-term support level. However, the current movement lacks the aggressive capitulation of sellers that characterized the previous 90% rally. On that occasion, the downward pressure abruptly subsided, clearing the way for an explosive recovery.
However, the current scenario does not show the same level of structural market clearance, leaving open the possibility of more gradual advances or even consolidation phases before a new surge.
Key technical levels and a conditional scenario for Polygon
From a technical perspective, immediate resistance is located at $0.11, while the true trigger for an initial breakout appears in the $0.118 zone. Surpassing this threshold with consistent volume could open the door to intermediate targets at $0.137 and $0.186. Furthermore, a sustained break above $0.18 would strengthen the thesis of a broader move toward $0.35, implying a nearly 90% advance from current levels.
However, critical support remains in the $0.083–$0.087 range. A sustained drop below $0.083 would likely invalidate the emerging bullish structure and shift the bias toward deeper corrective scenarios. In such a case, the next levels for further declines would be located at $0.072 and subsequently $0.061, areas where further selling pressure could be felt.
Beyond the chart, the strategic background adds another layer of analysis. Polygon’s shift towards the payments segment, under the Open Money Stack concept and supported by recent acquisitions, aims to position POL as a token with greater utility in settlement and value transfer.
In short, for traders and portfolio managers, the current scenario presents a clearly conditional trade. The combination of whale accumulation and technical improvement offers a reasonable basis for further gains; however, the absence of a decisive capitulation and the cautious stance in derivatives increase the risk of limited rallies or sideways movement.
