Polygon technical analysis: Support test at $0.0912 after security upgrade advisory

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Polygon drops 7.87% to $0.0973 today

Highlights

Polygon Labs completed urgent Bor and Heimdall client upgrades via hard forks, patching undisclosed vulnerabilities with no mainnet compromise detected.
All Polygon PoS nodes must now run Bor v2.10.0 and Heimdall v0.11.0, with outdated nodes losing consensus and temporarily reducing network participation.
POL/USD trades below key short-term moving averages with strong selling pressure, projecting a $0.0912 to $0.1073 range as further downside prevails.

Node participation declines as urgent client upgrades enforce network integrity

Polygon Labs completed critical upgrades to its Bor and Heimdall clients via the Austin and Kyoto hard forks, patching previously undisclosed vulnerabilities without evidence of mainnet exploitation, according to Cointelegraph. All Polygon PoS nodes are now required to run Bor v2.10.0 and Heimdall v0.11.0, with outdated clients falling out of consensus until upgraded, a measure that temporarily reduces active node participation as operators transition. The urgent advisory from Polygon Labs states that the hard forks are already active, and outdated nodes have dropped off the canonical chain, ensuring network integrity though price action has remained under broader selling pressure.

Oversold signals persist as multiple indicators flag bearish momentum

On the 1-hour chart, POL/USD trades below both the MA-20 at $0.1023 and MA-50 at $0.104, while remaining above the MA-200 level at $0.0889 on the daily timeframe. The Ichimoku Kijun sits at $0.1028, forming immediate technical resistance. Momentum readings show the MACD issuing a Sell signal and ADX holding Neutral. RSI is at 34.359, with both RSI and CCI in oversold territory, while Stochastic RSI is also oversold. Bull/Bear Power favors sellers in intraday action, and the Awesome Oscillator is Neutral. Price has dropped 7.87% today, trading near the daily low amid heightened volatility, with consistent signals from oscillators and momentum indicators indicating strong short-term selling pressure.

Renewed downside risk grows as sideways pattern likely to persist

Over the next few trading days, POL/USD is projected to stay within a short-term volatility band of $0.0912 to $0.1073. A decisive move above $0.1028 would be required to activate a bullish scenario, while a breakdown below $0.0912 could open the way to further downside. The most probable scenario sees price holding in a sideways range between the defined support and resistance levels, with an increased likelihood of continued downward movement given the current market setup.

Anton Kharitonov, analyst at Traders Union, sees Polygon’s upgrade as a necessary step after critical vulnerabilities, but notes little positive reaction in price or sentiment. He points to ongoing selling pressure, oversold technical readings, and resistance at $0.1028 as signs that downside risk remains elevated. Kharitonov is cautious about a quick recovery, anticipating more range-bound or downward action unless buyers reclaim key levels. "Until the $0.1028 resistance is broken, I remain defensive and see no reason to chase the upside here."

Earlier, analysts noted that Polygon faced persistent selling pressure despite ongoing network development and ecosystem engagement. The latest combination of critical network upgrades and strong technical downside signals reinforces a cautious outlook, making a decisive move above immediate resistance or a breakdown below the $0.0912 support level the key scenarios to monitor 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.