Banco Braza stablecoin expansion and Bithumb suspension

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Polygon slides 7.27% to $0.1097 today

Highlights

Banco Braza expanded its fully audited, real-backed BBRL stablecoin onto the Polygon network, enhancing liquidity and enabling faster, lower-cost payments and settlements.
Polygon’s total stablecoin supply reached $3.26 billion, weekly decentralized app revenue rose 70%, and network transaction capacity now supports up to 2,600 transactions per second after a gas limit increase.
POL trades at $0.1097, with resistance at $0.1140–$0.1190 and strong support at $0.1010; bearish weekly indicators and high volatility suggest further downside risk.

Stablecoin inflows and app revenue jump as network upgrade lifts capacity

Banco Braza expanded its real-backed BBRL stablecoin to the Polygon network, increasing liquidity and reducing transaction costs for payments, FX transfers, and settlements. This integration brought the BBRL stablecoin, fully backed and audited, onto Polygon for faster, lower-cost transactions and contributed to the network's total stablecoin supply reaching $3.26 billion. Weekly decentralized application revenue on the network was reported up 70%, and network capacity was boosted via an increased gas limit, now supporting up to 2,600 transactions per second. Separately, Bithumb temporarily suspended transactions for the Polygon Ecosystem Token (POL) during a mainnet upgrade, though price action has remained under broader selling pressure.

Bullish intraday efforts waver as overbought signals face weak momentum

The current price of POL ($0.1097) trades above the MA-20 ($0.1032), but is below the MA-50 ($0.1197) and well under the MA-200 ($0.1720). This setup signals short-term support and potential for upside reversions, while medium- and long-term trends indicate prevailing seller pressure. The Ichimoku Kijun is at $0.1014, which is below the current price and acts as immediate support. Momentum readings are mixed: MACD is neutral and ADX remains weak, suggesting little trend strength. The Relative Strength Index signals a mild buy, but the Stochastic RSI and Commodity Channel Index are both overbought, revealing potential exhaustion in upside momentum and hinting at an increased risk of reversal. Bull/Bear Power points to slight buyer dominance intraday, while the Awesome Oscillator’s strong buy reading supports short-term bullish attempts. After a gap down from yesterday’s close, today’s action saw the price slip 7.27% and drift toward the lower end of its daily range ($0.1081 – $0.1143), indicating high volatility and pronounced pressure after the open. The divergence between overbought oscillators and lackluster momentum underlines uncertainty, with intraday declines not fully confirmed by momentum signals.

Further downside likely as bearish technicals define narrow risk band

For the next five trading days, the expected normalized range is $0.0980 – $0.1170, forming a volatility band relative to current levels. Given that all relevant weekly indicators (MA-50, RSI, MACD) are in a bearish stance, the probability of an upward move is very low (less than 20%), making further downside more likely. The baseline scenario is for POL to consolidate sideways with choppy sessions. A bullish scenario would require a firm breakout above the $0.1140 – $0.1190 resistance zone, while a bearish scenario may be triggered if the price falls through support near $0.1010, opening room toward the lower end of the projected band.

Viktoras Karapetjanc, senior analyst at Traders Union, sees Polygon’s recent stablecoin integration as a strong signal of growing institutional interest and network utility. He believes the influx of BBRL and rising DApp revenues support sentiment, even as price action remains pressured by broader market trends. The analyst notes that selling persists medium-term, but stablecoin inflows and improved network capacity set a constructive foundation. Upside may be limited for now, but technical support and positive fundamentals suggest the next structural move could be to the upside if momentum returns. "I remain optimistic on Polygon’s longer-term prospects as real-world adoption builds, and any confirmed rebound above $0.1140 could trigger renewed market confidence."

Previously it was reported that Polygon (POL) is exhibiting a short-term bullish bias as price trades above the 20-day moving average, though it remains constrained by resistance at the 50-day and 200-day averages amid ongoing medium- and long-term selling pressure. Oscillator readings are mixed, with modest upside momentum offset by strong MACD sell signals and overbought conditions on the Stochastic RSI, suggesting a likely period of sideways consolidation between established support and resistance levels.

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.