-7.19% for Polygon — Selling pressure persists with resistance at $0.1165 in focus

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Polygon drops 7.19% to $0.1059 today

Highlights

Polygon saw large holders sell 210 million POL tokens during its recovery from February lows, increasing market focus on the $0.14 technical threshold.
The price remains under broader selling pressure with no new fundamental, corporate, or regulatory developments reported for Polygon.
POL trades at $0.1059, just above short-term support (MA-20 at $0.1045), but well below MA-50 and MA-200, indicating persistent medium- and long-term bearish momentum.

Large-holder token sales shape focus on key technical thresholds

During its recent recovery from February lows, Polygon recorded sales of 210 million POL tokens by large holders. The market's attention has been directed toward the $0.14 price level, noted as a key technical threshold. No other factual corporate or regulatory events involving Polygon have been reported, though price action has remained under broader selling pressure.

Intraday buyer signals clash with persistent oscillators’ weakness

Momentum signals are mixed: the daily MACD and ADX display a neutral stance, while the daily RSI at 50.0 and CCI at 68.4 edge toward bullishness, and the Stochastic RSI is neutral. Bull/Bear Power currently registers a strong buy on the daily timeframe, hinting at buyer dominance intraday, but this is offset by negative readings on most shorter timeframes. The Awesome Oscillator is consistent with the current upward drift. Price opened with a small gap down from the previous close ($0.1141 to $0.1089) and has since lost 7.19%, staying close to the session's lower range of $0.1066–$0.1092, with subdued volatility and pressured tone after the open. While intraday momentum briefly favors buyers, the broader spectrum of oscillators highlights divergence between short-term strength and persistent longer-term weakness.

Sideways trading likely as bearish trend outweighs breakout odds

For the coming week, the expected range for POL is adjusted to $0.0900–$0.1165, reflecting typical volatility relative to current levels. A price increase over this band is considered unlikely, as major weekly momentum and trend indicators show only bearish signals. The most probable outcome is a sideways movement within this corridor, with a bullish scenario requiring a break above $0.1165. A bearish scenario would be triggered by a move below $0.0900, supported by the ongoing medium- and long-term downtrend structure.

Anton Kharitonov, expert at Traders Union, sees Polygon trading near short-term support but under continued medium- and long-term selling pressure. He notes mixed momentum signals and persistent weakness in higher timeframes, despite minor intraday buyer activity. The analyst believes sideways movement within the $0.0900–$0.1165 range is the most probable scenario, with bullishness unlikely unless $0.1165 is broken. "Until POL convincingly reclaims $0.1165, I remain defensive and see no strong case for upside."

Recently, analysts noted that Polygon (POL) closed the week above its short-term moving average but remains below key medium- and long-term MAs, reflecting persistent bearish momentum despite near-term support. Weekly indicators, including a neutral RSI, highlight ongoing consolidation and indecision, with POL expected to range between support near $0.102 and resistance at $0.112 unless a breakout occurs.

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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