Polygon weekly forecast: Decline reaches oversold territory with rebound risk

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Polygon falls 6.85% over the week

Highlights

Polygon trades at $0.0887, falling 6.85% over seven days and remaining in the lower part of its weekly range.
The price stays below key moving averages with a bearish daily structure and sustained downside momentum.
Expected range for the coming week is $0.0753 to $0.0966, with a high probability of further decline below $0.0896 resistance.

Hard fork debate intensifies as token recovery plan sparks security concerns

Polygon is considering a hard fork to recover approximately 70.49 million POL tokens stolen in two security incidents involving Polymarket and Binance in late October 2026. The proposal would move compromised tokens from attacker-controlled wallets to designated recovery accounts, but still requires community approval and further technical checks. This exceptional measure has sparked debate in the Polygon ecosystem due to its potential impact on blockchain immutability and future security responses.

Downtrend momentum prevails this week as CCI flashes oversold signals

The daily chart shows a sustained move lower with a firm trend, as the MACD and Bull/Bear Power both signal further downside momentum and the CCI is in the oversold zone at -151.2394. Oscillator readings are generally neutral with the exception of CCI, reinforcing selling exhaustion but not yet a confirmed reversal. Volatility remains elevated at 17.63%. Nearest support is at $0.0851, while resistance is defined by the MA-200 at $0.0896 and the Ichimoku Kijun at $0.0916.

Further downside favored next week unless resistance breaks to the upside

Over the coming week, the expected range is $0.0753 to $0.0966. There is a very low probability of an increase and a very high probability of a decrease. The base case calls for price action to remain below resistance at $0.0896. A break above $0.0896 would signal short-term strength toward $0.0966, while a move below support at $0.0851 could open room to the $0.0753 area.

Parshwa Turakhiya, analyst, sees Polygon trading at rarely visited lows near $0.089 after a sharp 7% weekly decline. He notes that while technical exhaustion is creeping in—evidenced by an oversold CCI at -151.2394 and persistent downside momentum—the next move hinges on whether selling wanes or extends toward $0.0753 support. Community debate around the potential hard fork to recover stolen tokens is also stirring sentiment, keeping trader attention high as blockchain immutability comes under review. Resistance is clear at $0.0896, with continued weakness likely if bulls fail to reclaim that level. "Bears control the trend for now, but any reversal above $0.0896 could quickly shift short-term sentiment."

Previously it was reported that Binance and Polymarket proposed a hard fork of the Polygon network to recover millions of POL tokens stolen in significant hacking incidents. With technical signals reinforcing the downside risk, traders should monitor $0.0851 as a critical support level that, if breached, may accelerate further declines.

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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