Polygon climbs 12.59% as price faces resistance below MA-20 at $0.1061: weekly outlook

Traders Union
All News
Crypto News
Polygon gains 12.59% this week

Highlights

Polygon (POL) remains under sustained selling pressure, trading below key medium- and long-term moving averages.
Despite a 12.59% weekly rebound, momentum and most indicators remain strongly bearish, warning of further downside risk.
Price is expected to fluctuate between $0.0876 and $0.1020, with a low probability of a rally and negative momentum dominating.

weekly sentiment boosted as liquid staking sparks wallet reallocations

Polygon officially launched sPOL, a new liquid staking product, on April 14. This initiative enables POL holders to earn rewards without locking their tokens, aiming to mobilize roughly 3.6 billion previously idle POL, valued at about $330 million. The launch saw strong interest as wallets reallocated to participate in sPOL.

bearish weekly momentum as indicators hold below resistance levels

On the weekly timeframe, POL remains under its MA-20 and MA-50 levels, with dynamic resistance at MA-20 ($0.1061) and significant support near recent lows. Weekly indicators continue to reflect bearish conditions: the MACD and ADX signal prevailing negative momentum, while RSI, Stochastic RSI, and CCI all register overbought or sell signals. Bull/Bear Power is still negative, confirming that sellers have the upper hand despite short-term upside volatility.

sideways bias likely as breakout signals remain subdued this week

For the next 7 days, POL is expected to trade between $0.0876 and $0.1020 based on last week's volatility and indicator signals. The likelihood of a strong rally is low, with fewer than 20% of key indicators suggesting a bullish reversal, so the base case is for continued sideways movement within this range. A break above $0.1020 could target the MA-20 zone, while a bearish move below $0.0876 might trigger renewed downside toward yearly lows.

Jainam Mehta, market strategist, notes that despite a robust 12.59% gain for Polygon (POL) this week, the coin remains pressured below key MA-20 and MA-50 weekly moving averages. Mehta highlights that, while the launch of sPOL stirred wallet activity and unlocked potential liquidity, technical signals remain strongly bearish and confirm sellers’ dominance. He expects POL to stay rangebound between $0.0876 and $0.1020 over the coming week unless a breakout reclaims the MA-20. "The path of least resistance is sideways to lower — I’ll watch for a decisive move above $0.1020 before considering a tactical reversal setup."

Earlier, analysts highlighted persistent bearish momentum and a lack of strong reversal signals for Polygon, despite new liquidity initiatives like the launch of sPOL. The latest weekly rebound strengthens the case for cautious optimism, but with upside potential still capped by technical resistance, traders should closely monitor for a sustained move above the MA-20 as a signal of shifting market sentiment.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.