POL climbs amid record $9.12 billion in stablecoin transfers: weekly review

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Polygon rises 8.99% this week

Highlights

POL trades under key moving averages, reflecting persistent medium- and long-term selling pressure despite recent price recovery.
Momentum and trend indicators remain decisively bearish, with oversold signals and low buyer participation, constraining prospects for sustained rebound.
POL is likely to consolidate between $0.0690 and $0.0830 over the next week, with a higher probability of retesting recent lows.

Stablecoin transfer surge as network activity boosts sentiment this week

Polygon recorded a record $9.12 billion in stablecoin transfers, reflecting significant transaction volume on its network. The surge highlights robust ecosystem usage and continued growth within its blockchain infrastructure. Developments this week focused on network metrics and on-chain activity.

Seller dominance sustained as technical signals confirm persistent weakness

Weekly technical analysis shows that POL remains under key pressure, trading beneath the MA-20 and MA-50 with the Ichimoku Kijun acting as additional resistance above current levels. The MACD and ADX both indicate strong downward momentum, with the Bull/Bear Power also negative, confirming dominance by sellers. Despite the week’s price recovery, both RSI and CCI remain in oversold territory and the Stochastic RSI is neutral, pointing to a lack of clear buyer momentum as the Awesome Oscillator fails to confirm a trend reversal.

Limited upside risk as consolidation and downside scenarios dominate outlook

For the next 7 days, POL is expected to consolidate within a range of $0.0690 to $0.0830, as indicated by prevailing weekly volatility and weak bullish signals. The likelihood of a sustained upward breakout above $0.0830 is very low, with key weekly indicators reflecting continued selling pressure. Unless momentum shifts sharply, POL may test lower levels, and a drop below $0.0690 could open the door to further declines.

Viktoras Karapetjanc, expert at Traders Union, notes that Polygon posted a robust 8.99% weekly gain, driven by record $9.12 billion stablecoin transfers that highlight growing network adoption. He sees the strong on-chain activity and ecosystem development as a positive driver, even as technicals show POL trading below key moving averages with sellers still dominating. The analyst believes the market is setting up for a constructive consolidation phase, with increased volatility and user growth hinting at potential for a momentum shift if resistance at $0.0830 is breached. Karapetjanc expects next week to see POL range-bound, but views oversold conditions and resilient demand as creating opportunities for bulls. "Polygon’s fundamentals remain sound — if buyer momentum picks up, I see scope for a bullish breakout in the coming weeks."

Earlier, analysts noted a persistent bearish trend for Polygon citing sustained selling pressure and oversold technical conditions. The current analysis confirms this ongoing weakness while highlighting that a decisive move above $0.0830 remains unlikely in the near term, making the ability to hold above $0.0690 a critical risk marker for traders.

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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