Polygon declines 2.54% with RSI firmly in sell territory at 35.7: weekly analysis

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Polygon weakens 2.54% over the week

Highlights

POL remains under seller pressure, trading below major moving averages and showing a week-over-week decline of 2.54%.
Momentum indicators, including MACD, ADX, and Bull/Bear Power, all signal persistent bearish sentiment with weak trend strength.
Expected price action is a sideways move between $0.0870 and $0.0974, with downside risk outweighing rebound potential given the current indicator setup.

Network upgrade and volume surge as mainnet hardfork boosts ecosystem outlook

Polygon completed the Giugliano mainnet hardfork on April 8, 2026 at block height 85,268,500, introducing faster and more predictable transaction finality. Node operators were required to upgrade to Bor v2.7.0 or Erigon v3.5.0 to maintain network compatibility. The update is aimed at strengthening Polygon's position among scaling solutions, and recent trading volume following the announcement reached approximately $58.5 million.

Persistent bearish signals deepen amid resistance and oversold momentum

On the weekly chart, POL trades decisively below the MA-20 and MA-50, confirming continued medium- and long-term bearish sentiment. The nearest area of dynamic resistance is the MA-20 at $0.1103, with support defined by the lower band of weekly price volatility. Key momentum signals remain negative: the MACD continues to indicate a Strong Sell, ADX shows weak trend strength, and RSI sits at 35.7 in the sell region. The Stochastic RSI and CCI are deeply oversold, signaling downside exhaustion but not yet a confirmed reversal, while Bull/Bear Power reflects dominant selling pressure.

Sideways trading expected as weak momentum caps breakout potential

For the next 7 days, POL is expected to trade sideways in a range between $0.0870 and $0.0974, consistent with prevailing weekly volatility and weak momentum. A bullish move could allow a test of resistance near $0.0974, but the probability of a major upside breakout remains low given bearish technical signals. Should the bearish trend persist, support at $0.0870 may be retested. The baseline expectation is consolidation within this corridor, unless a clear momentum shift emerges.

Previously it was reported that Polygon implemented the Giugliano hard fork to enhance network speed and stability as part of its ongoing scaling initiatives. With POL now consolidating amid persistent bearish momentum, traders should monitor for a confirmed shift in momentum, as a break below $0.0870 could signal renewed downside risk.

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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