Polygon: robust ecosystem growth drives a 2.97% rise amid seller pressure

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Polygon up 2.97% today at $0.1076

Highlights

Polygon's transaction volume surged 90% in the past month, with active addresses increasing 30%, driven by new institutional partnerships.
Stripe's stablecoin payments on Polygon surpassed $70 million in lifetime volume, reflecting strengthening merchant adoption and platform integration.
Polygon's decentralized exchanges processed $210 million in 24-hour volume, bringing monthly DEX transaction volumes to $5.72 billion.

Merchant adoption and DEX volumes rise as network activity accelerates

Polygon has seen a notable surge in network activity, with transaction volume up 90% over the past month and a 30% rise in active addresses. New partnerships with Polymarket, Stripe, Shift4, and Revolut have contributed to this growth, highlighted by Stripe's stablecoin payments surpassing $70 million in lifetime volume on the network. Decentralized exchange activity remains robust, with $210 million processed in 24 hours and monthly DEX transaction volumes reaching $5.72 billion. These developments point to strengthening merchant adoption and heightened use of Polygon's blockchain infrastructure.

Bearish momentum persists as intraday strength diverges from trend indicators

The current price of POL ($0.1076) is trading below the MA-20 ($0.1126), MA-50 ($0.1311), and MA-200 ($0.1992), indicating continued short-, medium-, and long-term pressure from sellers. The nearest notable dynamic resistance is the Ichimoku Kijun level at $0.1177, while minor support appears near the Hull Moving Average at $0.1036. Momentum signals are mixed: the MACD on D1 gives a strong sell alongside a high ADX reading, indicating a persistent but extended bearish trend, while oscillators point to oversold or near-oversold conditions (RSI D1 at 36.97, CCI at –71, Stoch RSI fully overbought). Bull/Bear Power is slightly negative at –0.0014 and signals sellers remain dominant intraday, but this is at the margin. There was no gap between the previous close ($0.1045) and today’s open ($0.1079); the current price is near the upper end of today’s range (high: $0.1087), daily volatility is moderate, and the tone after the open shows intraday strength toward session highs — contradicting the broader negative momentum, so a clear divergence is emerging between price action and trend indicators.

Downside probability elevated as oversold conditions slow decline

For the next five trading days, POL is likely to trade within a $0.1020 – $0.1125 volatility band relative to current levels. The probability of a price increase is very low (less than 20%), making further downside more likely. Base case: price consolidates in a flat corridor as oversold conditions and profit-taking restrict additional declines. A move above $0.1177 may trigger short covering toward the MA-20 or higher, while renewed selling below $0.1035 would likely test $0.1020 or lower if negative sentiment increases.

Viktoras Karapetjanc, Traders Union expert, sees Polygon’s recent network growth and expanding merchant adoption as signals of underlying strength. He notes that short-term technicals remain pressured, but increased partnerships and robust blockchain usage point to improving sentiment. The current volatility suggests sellers are still active, yet oversold signals and intraday momentum could limit further downside. Karapetjanc believes that if the price holds above short-term supports, a reversal may start to build soon. "I remain constructive on Polygon given the strong adoption trends, and see room for recovery once current bearish momentum fades."

Previously it was reported that Polygon (POL) is trading in a sustained downtrend, remaining below all major moving averages and facing strong selling pressure as confirmed by bearish MACD, a low RSI near oversold territory, and persistent negative trend signals. Further declines are favored unless buyers reclaim resistance near the Ichimoku Kijun at $0.1177, with immediate support just below the current range.

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.