POL declines amid persistent bearish momentum signaled by MACD and RSI: weekly review

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Polygon falls 10.10% over the week

Highlights

POL remains under sustained selling pressure, consistently trading below key moving averages and dynamic resistance levels.
Strong downside momentum is supported by negative signals across MACD, ADX, and additional momentum indicators, with no sign of oversold exhaustion.
The forecast for the coming week is a sideways to bearish range between $0.0880 and $0.0990, with a high probability of further declines.

Network upgrade and utility boost drive sentiment shifts during the week

Polygon completed its v2.7.0 hard fork on May 21, reducing block time and boosting network throughput to about 3,260 transactions per second. Revolut launched a Polygon-integrated crypto card supporting POL staking and payments through Visa, expanding the token’s real-world utility. Following the upgrade, all governance and transaction activities on the network now use POL, furthering the transition from the former MATIC token.

Negative momentum sustained as weekly indicators confirm persistent weakness

On the weekly timeframe, POL remains under pressure, with price well below its MA-20 and MA-50 levels. The nearest dynamic resistance is the MA-20 at $0.1023, while the Ichimoku Kijun at $0.1339 marks a higher resistance zone, over 30% above current levels. Technical momentum is firmly negative, as seen in weekly MACD, ADX, and oscillator readings including RSI, Stoch RSI, and CCI, all of which point to weakness without oversold signals. Weekly volatility is 9.30%, and the asset is trading close to weekly lows, confirming persistent negative sentiment.

Further downside or consolidation expected as bearish momentum prevails

For the next 7 days, the expected trading range is $0.0880 – $0.0990, reflecting ongoing bearish momentum and current volatility parameters. With all four main W1 indicators in bearish territory and no signs of a technical rebound, further downside or sideways consolidation under $0.10 is the baseline scenario. An upside break above $0.0990 is unlikely unless accompanied by increased buy volume, while a decline below $0.0880 remains possible if negative momentum strengthens. Overall, sellers retain control of the weekly trend.

Viktoras Karapetjanc, expert at Traders Union, sees Polygon displaying resilience in the face of continued bearish sentiment this week. Despite a 10.10% decline and technical pressure below key weekly moving averages, important ecosystem developments, such as Revolut’s Polygon-integrated crypto card and the network’s successful v2.7.0 hard fork, highlight POL’s growing real-world utility and transition progress. Karapetjanc notes that sellers are still in control for now, but the groundwork for higher adoption is strengthening. As the price stays within the $0.0880 – $0.0990 range, he expects sideways or slightly lower trading before momentum shifts. "Fundamental improvements and expanding use cases make Polygon a prime candidate for a future reversal, and this week’s developments set the stage for bullish opportunities ahead."

Earlier, analysts noted that Polygon was likely to remain under sustained bearish pressure, with momentum indicators discouraging a near-term reversal. The latest developments confirm this outlook, and with the asset now trading at new lows, the critical downside risk remains a potential break below $0.0880 if seller momentum intensifies in the coming week.

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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