Polygon latest news: POL hovers near session low with bears eyeing support at $0.1160

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Polygon slips 1.77% today to $0.1219

Highlights

Polygon expands its infrastructure role in stablecoins and blockchain by integrating with Visa, Stripe, Shopify, and Revolut platforms.
AggLayer technology from Polygon seeks to unify liquidity across blockchains and address high transaction fees and congestion familiar on Ethereum.
POL trading volume remains subdued, but recent adoption as Polymarket's core technology positions Polygon for growth from increasing micro-transaction activity.

Adoption prospects rise as infrastructure integrations boost sector presence

Polygon is highlighting its expanding infrastructure role in the stablecoin and blockchain sector through integrations with payment giants such as Visa, Stripe, Shopify, and Revolut. The introduction of AggLayer technology aims to unify liquidity across various blockchains and underscores Polygon’s commitment to solving issues of high transaction fees and congestion seen in networks like Ethereum. Trading volume for POL remains subdued, and recent adoption as core technology for Polymarket positions the platform for potential growth from micro-transaction activity.

Bearish momentum reinforced as resistance strengthens, oversold signals emerge

Technical analysis shows POL remains under all major moving averages, with the nearest dynamic resistance at the Ichimoku Kijun of $0.1470 and no significant moving average support nearby. On the daily chart, momentum indicators are bearish: MACD and ADX both display a sell bias, while RSI at 35.6 and CCI at -92.7 approach oversold values. Stoch RSI is overbought, presenting a rare short-term divergence, but sellers remain in control as BBP stays slightly negative and the Awesome Oscillator is neutral.

Downside risk persists as volatility caps bullish reversal potential

In the short term, typical volatility is likely to keep POL trading between $0.1160 and $0.1250, with the probability of an upward move remaining below 20%. Bears are currently in control and a bullish reversal would require a decisive breakout above $0.1250 toward resistance at $0.1313. An increase in downtrend momentum could push the price below $0.1160 in the coming sessions.

Anton Kharitonov, analyst at Traders Union, notes that POL is locked in a clear downtrend below key moving averages with persistent bearish momentum. He sees the recent integration and technological development as positive, but says it has yet to trigger a shift in market sentiment or trading volumes. Until $0.1250 is reclaimed, he believes sellers are firmly in control. "Given the technical setup and weak momentum, I remain cautious — any bounce is suspect until POL firmly breaks resistance at $0.1250."

Previously it was reported that Polygon (POL) was trading below key moving averages across short-, medium-, and long-term horizons, with technical indicators such as MACD, RSI, and ADX underscoring a bearish trend and deepening oversold signals. Limited upside was noted as sellers retained control within a tight range, and muted upward momentum toward session highs suggested subdued volatility and downside risks persisting in the near term.

Source of Data: POL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.