Polygon holds firm above support amid nearly 10% advance: weekly analysis

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Polygon up 9.21% over the week

Highlights

Polygon trades at $0.0989 with a 9.21% gain over 7 days, holding above key medium-to-long-term support levels.
Technicals show strong upward momentum with bullish daily structure, but resistance near $0.1004 could limit immediate further gains.
Expected range for the coming week is $0.0938 to $0.1039, with greater probability of upside as long as price remains above $0.0909 support.

Protocol upgrades and acquisitions bolster sentiment amid fundamental strength this week

Polygon initiated important security upgrades with the Austin and Kyoto hard forks on August 29, 2026, directly addressing vulnerabilities in its proof-of-stake network, according to openpr.com. The protocol also saw strong fundamentals, generating over $1.3 million in revenue across the most recent 30 days and maintaining deflationary pressure via token burns. Corporate expansion into payments through the acquisitions of Coinme and Sequence for about $250 million, along with the launch of a new crypto donation platform for disaster relief as reported by Pluang, adds to a busy week for the project.

Momentum persists this week as MACD and ADX strengthen despite resistance risk

On the daily chart, sustained upward momentum is evident, supported by MACD and ADX both pointing to continued buying strength, while the Stochastic RSI at 22.8043 is approaching oversold, which may temper upside enthusiasm. The asset is capped by resistance at $0.1004, aligned with the Ichimoku Kijun, and sees nearest support at $0.0909. This setup points to a sustained move higher with a firm trend, although proximity to resistance warrants caution for fresh upside attempts.

Upside bias favored next week unless price slips below key support

In the week ahead, Polygon is expected to trade between $0.0938 and $0.1039, with a very high probability of an increase and a very low probability of a decrease. The base case is continued trading within this range, with further upside likely should price break above the $0.1004 resistance. A decisive move below $0.0909 support would likely trigger a deeper pullback, but odds favor a firm to higher tone so long as price holds above support.

Anton Kharitonov, expert at Traders Union, notes that Polygon (POL) gained over 9% this week, now trading near $0.10 while technicals signal both strength and caution. He highlights that the daily chart shows a sustained upward trend, but with price nearing resistance at $0.1004 and the Stochastic RSI approaching oversold territory, upside prospects look less certain. Kharitonov underscores that recent security upgrades through the Austin and Kyoto hard forks, along with robust revenue growth and corporate expansions, are fundamentally positive developments for Polygon. However, he cautions that the price must hold above the $0.0909 support to avoid a deeper pullback in the coming week. The base scenario favors continued range-bound trading between $0.0938 and $0.1039 with a cautious bias toward the upside if resistance gives way. "Until Polygon decisively breaks above $0.1004, I remain defensive—strength in fundamentals isn't enough without confirmation from price," he says.

Previously it was reported that Polygon faced heightened selling pressure and technical challenges, with analysts watching for signs of trend stabilization. The latest developments mark a shift to sustained upward momentum and improved fundamentals, with price action near key resistance making a decisive break above $0.1004 the critical level to watch in the week ahead.

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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