Polygon Chain surpasses global population in transactions: Can POL continue gains?

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Polygon jumps 7.08% today to $0.0936

Highlights

Polygon Chain surpassed the global population in total transactions processed, signaling rapid network usage growth.
Stablecoin transfers on Polygon have exceeded $3 trillion since September 2020, indicating extensive liquidity and adoption.
POL/USD trades in a strong bullish structure with expected movement between $0.0891 to $0.0966 over the next day.

On-chain activity surge drives sentiment on network adoption

Polygon Chain recently surpassed the global population in total transactions processed, a milestone that highlights rapid growth in on-chain activity and increased real-world network utility, according to Coinfomania. This robust level of usage is driving heightened demand for the platform, supporting positive sentiment around Polygon (POL). Secondary data from Tokenpost reveals that over $3 trillion in stablecoin transfers have been processed since September 2020, further demonstrating deep liquidity and broad adoption.

Bullish momentum holds above support despite neutral oscillators

On the technical front, POL/USD remains above its MA-20 and MA-50 on the hourly chart as well as the MA-200 on the daily chart. The Ichimoku Kijun level at $0.0903 is acting as the first notable support zone. MACD and ADX both reflect strong bullish momentum, while Bulls continue to dominate intraday action according to Bull/Bear Power and the Awesome Oscillator. Meanwhile, RSI, Stoch RSI, and CCI remain in neutral territory, indicating no overbought or oversold extremes.

Upward breakout risk rises as volatility band narrows

Over the next trading day, POL/USD is expected to fluctuate between $0.0891 and $0.0966 within the current volatility band. The upward breakout probability is assessed as very high, with significant resistance potentially triggering further gains. If immediate support at $0.0903 fails, a retracement to lower levels may occur, though this scenario is considered unlikely relative to prevailing momentum.

Anton Kharitonov, expert at Traders Union, sees Polygon’s price action as technically strong but notes the current rally is mostly driven by positive sentiment around recent usage milestones. The analyst believes that buyer enthusiasm could fade quickly if the key support at $0.0903 breaks. He remains defensively positioned given the prevailing uptrend but favors a scenario-based approach. "Until we see firm validation above $0.0966 or a clear rejection at support, I remain cautious on chasing fresh long positions here."

Earlier, analysts noted that Polygon’s technical position and infrastructure expansion were fostering favorable conditions for further upside. With new transaction milestones and sustained network activity now supporting the ongoing trend, traders should monitor the resilience of the $0.0903 support for indications of continued bullish momentum.

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.