What is behind Polygon recent gain in value today

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Polygon surges 10.45% today

Highlights

Whale addresses have accumulated Polygon's POL tokens aggressively since early February, raising their holdings from 7.5 billion to nearly 8.75 billion POL.
Despite heavy whale buying and ongoing ecosystem development, broad market sentiment for POL remains cautious with persistent selling and stable open interest.
POL trades at $0.1057, just above MA-20 but below key resistance (MA-50 at $0.1204), with bearish momentum suggesting a likely range of $0.0843–$0.1218.

Whale accumulation rises as retail sentiment and open interest stall

Large holders have significantly increased their accumulation of Polygon's native token since early February, with whale addresses growing their holdings from approximately 7.5 billion to nearly 8.75 billion POL. Despite this, the wider market shows measured sentiment as sellers remain active and open interest has been stable rather than increasing. Polygon's ecosystem also continues to see development, with ongoing governance updates and potential technical upgrades referenced in recent communications.

Anton Kharitonov, expert at Traders Union, sees persistent pressure on Polygon despite recent short-term support. He points out that POL is still trading well below both the MA-50 and MA-200, confirming a strong bearish technical bias. Kharitonov notes that large holder accumulation and ecosystem upgrades have failed to shift broader market sentiment, as sellers remain active and intraday volatility stays high. He highlights conflicting momentum signals and warns that the 20% upside probability underscores an unfavorable risk-reward profile for bulls. “Until POL can reclaim the $0.1124 — $0.1204 resistance zone, I view every rally as a potential short opportunity rather than a start of a new trend.”

Viktoras Karapetjanc, expert at Traders Union, remains constructive on Polygon’s long-term potential. He highlights growing whale accumulation and ongoing development within the ecosystem as critical positives. Karapetjanc believes recent price action reflects healthy volatility and setups for active traders. He considers the corridor between $0.0843 and $0.1218 a zone of opportunity for strategic positioning. “The bullish structure remains intact above key supports, and I expect further growth as institutional demand and new upgrades drive renewed momentum.”

Divergent momentum signals as price volatility strengthens intraday bias

Momentum indicators remain conflicted: D1 MACD points to strong selling while ADX leans bearish in the daily but turns positive on lower timeframes. The RSI and CCI indicate mild selling interest, but Stoch RSI is deeply overbought, showing potential exhaustion. BBP signals strong intraday buying dominance, with the Awesome Oscillator neutral yet supportive on short timeframes. After a minor upside gap (open $0.1004 vs previous close $0.0957), price trades near today's high ($0.1051), reflecting high volatility and strong upward tone.

Previously it was reported that Polygon (POL) remains under sustained selling pressure, trading below key moving averages (MA-20, MA-50, MA-200) and capped by resistance at the Ichimoku Kijun level, with support near $0.0940–$0.0950. Technical indicators including the MACD and RSI point to persistent bearish momentum and limited upside probability, suggesting a baseline scenario of consolidation within a $0.09–$0.12 corridor over 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

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