Polygon tumbles as sellers remain in control after intraday losses deepen

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Polygon slides 7.20% today to $0.0873

Highlights

Polygon's stablecoin supply more than doubled to $3.76 billion by mid-2026, with $USDC now comprising 55% of total holdings.
The network processed up to 35% of global USD stablecoin transfers in a week and cumulatively settled over $2.4 trillion.
Technical signals remain strongly bearish with persistent selling pressure, projecting a likely price consolidation between $0.0852 and $0.0895 near session lows.

Stablecoin inflows and capital raising as selling pressure persists

Polygon recorded a substantial increase in stablecoin supply on its network, rising from $1.6 billion in early 2025 to approximately $3.76 billion by June 2026, with $USDC representing about 55% of the total. The blockchain facilitated as much as 35% of global USD stablecoin transfer volume in a single week and saw monthly stablecoin transactions totaling around $298 billion, alongside cumulative settlements exceeding $2.4 trillion. Polygon Labs was also reported to be in early-stage talks to raise $50–100 million in equity for a stablecoin payments business, while infrastructure providers such as QuickNode, Alchemy, and Ankr continued to expand enterprise-grade node services for developers — though price action has remained under broader selling pressure.

Bearish momentum and oversold signals reinforce technical resistance

On the technical side, POL/USD is trading below the MA-20 ($0.0908) and MA-50 ($0.0919) on the hourly chart, and remains well below the MA-200 ($0.1077) on the daily timeframe. The Ichimoku Kijun line at $0.0910 stands out as immediate resistance. Momentum indicators are firmly bearish: MACD and ADX show persistent selling pressure, and the RSI reads 34.6 with both the Stoch RSI and CCI confirming oversold conditions. BBP indicates sellers are dominating intraday, and the Awesome Oscillator supports the ongoing downward trend.

Downside risk heightened as consolidation narrows toward support

Over the coming 2–3 sessions, POL/USD is forecast to consolidate within a volatility band of $0.0852 to $0.0895, with probability bias skewed heavily toward additional downside. A breach below $0.0852 would likely accelerate selling, while upside would require a sustained break above $0.0910 to shift near-term sentiment. The baseline scenario anticipates continued range-bound trade inside these levels.

Viktoras Karapetjanc, expert at Traders Union, sees robust network fundamentals underpinning Polygon’s long-term outlook. He notes significant gains in stablecoin presence and transfer volumes, alongside key infrastructure expansions. However, near-term momentum remains negative as sellers dominate and the price lags key averages. Karapetjanc believes underlying ecosystem strength will eventually support a reversal. "With strong fundamentals in place, a technical break above $0.0910 would signal an improved sentiment and likely spark renewed bullish interest."

Earlier, analysts noted that Polygon remained trapped in a broader bearish trend, with technical indicators discouraging any imminent reversal. The current setup not only confirms persistent downside momentum but also highlights the importance of monitoring for a decisive break below $0.0852, which could intensify selling pressure in the near term.

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.