Polygon edges higher near $0.076 as persistent bearish indicators remain: weekly outlook

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Polygon rises 2.42% this week

Highlights

POL remains under bearish pressure, trading below major moving averages with sellers firmly in control.
Technical indicators show oversold conditions, negative momentum, and a probability of upward movement below 20%.
POL is expected to range between $0.069 and $0.084 over the next week, with bias toward further downside.

Stablecoin payments in Africa expand as partnership drives network adoption

Polygon has deepened its partnership with DPT Pay to bring more accessible and efficient stablecoin payments across Africa. This initiative leverages the network’s low-cost and fast settlement capabilities, targeting both individuals and businesses through stablecoin-powered transactions. Polygon continues to support payment settlements and tokenized asset management while maintaining security via a proof-of-stake model.

Bearish momentum prevails over week as technicals reinforce downside

Weekly technical indicators display a persistent bearish setup. POL is holding below both the MA-20 and MA-50 on the weekly chart, with the Ichimoku Kijun acting as distant dynamic resistance. The MACD shows a firm sell signal, the ADX at 22.9 references weak but negative trend strength, and RSI at 34.9 suggests limited buying interest. Additional oscillators, including Stochastic RSI and CCI, are in oversold territory, while Bull/Bear Power and the Awesome Oscillator both confirm downside momentum. The price is now in the middle of its weekly range, and volatility over the period was 11.31%.

Sideways action expected as momentum and volatility shape near-term range

For the next 7 days, the expected weekly price range for POL is $0.069 to $0.084, mirroring prevailing volatility and technical weakness. Momentum and oscillators currently favor a bearish scenario, with a less than 20% probability for an upward move. The baseline outlook anticipates sideways price action within this band. A decisive move above $0.084 would suggest a potential recovery, but a drop below $0.069 could invite retests of recent lows.

Viktoras Karapetjanc, expert at Traders Union, notes that Polygon (POL) showed resilience this week, posting a 2.42% gain while remaining under medium- and long-term averages. He sees the expanding partnership with DPT Pay in Africa as a key fundamental step, unlocking broader adoption potential for stablecoin payments on the network. Despite the current bearish technical backdrop, the expert believes recent momentum signals growing possibilities for a shift in sentiment if resistance at $0.084 is broken. Constructive fundamentals and partnerships could gradually restore investor confidence in the coming week. "I am optimistic that Polygon’s evolving fundamentals and strategic partnerships will support price stabilization and offer opportunity for upside if the technical picture begins to recover."

Earlier, analysts noted that Polygon faced persistent bearish momentum with an elevated risk of further downside. This outlook remains intact as technical signals continue to reinforce a cautious stance, making sustained recovery contingent on a successful move above weekly resistance.

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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