-11.42% for Polygon as selling pressure intensifies this week

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Polygon drops 11.42% as sellers dominate

Highlights

QuickNode processes over 3 trillion annual API requests with 99.99% uptime for Polygon, strengthening network infrastructure reliability.
Despite improved developer access and service offerings from QuickNode, Alchemy, and Ankr, Polygon price remains under broad selling pressure.
POL trades below key moving averages with deep oversold technicals, projecting a high-probability range of $0.0797–$0.0873 amid sustained bearish momentum.

Developer confidence stable as robust infrastructure contrasts price weakness

QuickNode has been reported by dwellir.com to process over 3 trillion API requests annually while offering managed endpoints for Polygon with a 99.99% uptime service level agreement, contributing to the stability and reliability of the network's infrastructure. This scale and service reliability may support greater developer confidence and ease of access, although recent price action has not reflected a positive response. Additional infrastructure providers such as Alchemy and Ankr have emphasized developer experience and decentralized access, respectively, as part of their Polygon service offerings, with diverse pricing tiers aiming to attract a variety of Web3 initiatives — factors which could support longer-term network adoption, though price action has remained under broader selling pressure.

Oversold momentum persists as technical resistance constrains recovery

POL is trading below the MA-20 at $0.0882, MA-50 at $0.0911, and MA-200 at $0.1074. Immediate resistance is defined by the Ichimoku Kijun at $0.0879. Technical indicators continue to confirm a weak momentum environment: MACD and ADX show persistent sell signals, while the RSI sits deeply oversold at 23.24. Both the Stoch RSI and CCI are also in oversold territory. The BBP indicator confirms that seller dominance persists, and the Awesome Oscillator remains aligned with the prevailing downtrend, as price action closes near daily lows marked by heightened volatility.

Sideways drift favored as upside reversal odds diminish

In the near term, POL is likely to fluctuate within a typical volatility band of $0.0797 to $0.0873 over the next 2 to 3 trading days. The probability of a sustained upward reversal remains significantly lower than that of continued downside pressure. The base scenario involves sideways consolidation within this corridor, while any bullish scenario would require a breakout above immediate resistance at $0.0879. Conversely, a clear move below $0.0797 would reinforce the bearish scenario in the short term.

Viktoras Karapetjanc, analyst at Traders Union, sees robust infrastructure support emerging for Polygon through QuickNode, Alchemy, and Ankr. He believes this layer of reliability and developer focus forms a firm foundation for long-term adoption, even as the market remains under notable sell pressure. Technical signals remain bearish but do not erase the significance of continued growth in network access and flexibility. 'If fundamentals keep improving and sentiment stabilizes, I expect Polygon to benefit from renewed accumulation once the broader market finds its footing.'

Earlier, analysts noted that Polygon remained under persistent bearish pressure, with technical indicators discouraging expectations of an imminent recovery. The latest market action and continued infrastructure expansion further reinforce this view, making downside risk the top concern, particularly if support at $0.0797 fails in the coming days.

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.