Polygon latest news: Bearish momentum persists as technical indicators signal ongoing seller control

Traders Union
All News
Crypto
Polygon surges 11.86% today

Highlights

Polygon's Madhugiri hard fork raised the block gas limit from 30 million to 45 million, increasing network throughput by 33%.
The upgrade delivers faster block times, expanded bridge features, and adopts broader Ethereum protocol improvements to enhance institutional and high-frequency usability.
These enhancements are expected to strengthen network stability and performance, making Polygon more appealing to high-volume transaction users.

Block throughput rises as hard fork targets institutional demand

Polygon has implemented the Madhugiri hard fork, introducing an increase in the block gas limit from 30 million to 45 million and boosting network throughput by 33% to support more transactions per block. The upgrade brings faster block times, expands bridge features, and incorporates broader Ethereum protocol improvements, all aimed at strengthening network appeal for high-frequency and institutional use cases. These enhancements are expected to improve network stability and performance.

Bearish momentum dominates as resistance holds amid mixed signals

Technical readings are mixed: the nearest resistance sits at the Ichimoku Kijun line of $1.8181, while no MA-200 level is provided. Momentum remains bearish, as reflected by the MACD (Strong Sell) and ADX (Sell, 28.09), yet short-term oscillators signal overbought conditions with Stoch RSI at 90.82, CCI at -55.46, and RSI at 33.91. The Bull/Bear Power (BBP) indicator strengthens the case for ongoing seller dominance on the daily chart, and the awesome oscillator remains neutral without a clear trend signal.

Sideways to lower moves likely as breakout odds stay muted

Looking ahead over the next five trading days, Polygon is likely to move within a volatility band typical of recent action, with expected price range between $1.20 and $1.76. The probability of an upward breakout is low (below 20%), and the dominant scenario anticipates sideways or downward price action. A bullish turn would require a decisive break above the $1.82 resistance level, while a close below $1.20 support could trigger further declines in line with daily bearish momentum.

Anton Kharitonov, expert at Traders Union, sees Polygon maintaining bearish momentum despite the technical upgrade. He believes the Madhugiri hard fork's improvements have yet to overcome the consistent selling pressure and weak indicator signals. The lack of bullish conviction below key resistance leaves risk on the downside. "Until the $1.82 level is broken decisively, I remain defensive and expect sideways or lower price action for Polygon."

Previously it was reported that MemeCore remained under short- and medium-term moving averages, with sellers continuing to exert downward pressure while technical indicators such as MACD, ADX, and RSI reflected a prevailing bearish bias. Despite a moderate oversold recovery signaled by the Stoch RSI and elevated intraday volatility, price action showed strength toward the session high, as momentum signals are conflicting, with MACD and oscillators indicating limited evidence of a sustained reversal.

Source of Data: M 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.