Polygon's odds of recovery hinges on THIS support – Here's why
The battle between $0.50 and $0.28 will determine if Polygon can regain its footing or continue to struggle.
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The battle between $0.50 and $0.28 will determine if Polygon can regain its footing or continue to struggle.
Polygon (POL) is currently navigating through a crucial price level, with the $0.50 range standing out as a key area that could determine its next major price movement. Recent on-chain data suggests that a significant portion of POL tokens has been accumulated in the price range between $0.364 and $0.509.
Polygon Ecosystem Token (POL) has dropped to $0.277, the expected price level of the 2.0 Fibonacci expansion. Cryptocurrency price analysis brought by Coinidol.com.
POL reclaiming $0.50 zone as support could lead to a rally, but failure to do so could trigger another sell-off.
Crypto analysts note that POL needs to reclaim the $0.364-$0.509 range to prevent further sell-offs and stabilize its value.
Polygon could see a whale led market recovery, although it also faces a potential drop.
Polygon (POL) is currently facing strong bearish price action, with experts predicting a potential 44% price drop amid the ongoing market downturn. As of January 30, 2025, technical analysis indicates that the cryptocurrency may experience significant declines, with the price potentially falling to as low as $0.23.
Struggle for Polygon continues with the declining network health amid Ethereum's failure to start a bull run. Will this lead the POL price to face a crushing blow to $0.23?
In this ongoing market downturn, the Polygon ecosystem (POL) has formed a strong bearish price action, suggesting that a massive price decline is on the way, as reported by a prominent crypto expert on X (formerly Twitter).
Polygon (POL), the popular layer-2 scaling solution for Ethereum, is experiencing increasing bearish pressure. Recent data indicates that a staggering 93.5% of POL holders are “out of the money,” meaning they purchased their tokens at higher prices and are currently facing losses.
MATIC faces growing uncertainty as whales exit, price drops, and network engagement weakens further.
Polygon coin retreated and flipped a key support level as its ecosystem slowdown persisted. Polygon (POL) dropped to $0.3910 on Tuesday, marking a decline of 47% from its December 2024 highs.
The price of Polygon Ecosystem Token (POL) has started to fall after breaking below the key support level of $0.45. Previously, the price of the altcoin was moving sideways.
Polygon's Ecosystem Token (POL) has been facing significant bearish pressure in recent weeks, with its value continuing to trend downward despite some brief moments of market optimism. As traders watch closely, the prevailing sentiment in the market has tilted towards caution.
POL, the Polygon Ecosystem Token, has formed lower highs and lower lows - characteristic of a downtrend?
Polygon (POL), a well-known layer-2 scaling solution, has been facing significant challenges recently, raising questions about its current valuation. As the token struggles with declining network activity, dApp volumes, and reduced investor interest, some analysts are beginning to question whether Polygon may be overvalued.
Polygon's Open Interest has dropped by $14M in less than five days, showing uncertainty.
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Wanchain wants to introduce a series of cross-chain routes that will connect Polygon zkEVM with major blockchain networks.
Polygon Ecosystem Token (POL) price is moving above the $0.45 support but below the moving average lines or resistance at $0.55. Cryptocurrency price analysis brought by Coinidol.com.
Polygon Labs, around a week after its partnership with Jio Platforms Limited (JPL) to bring Web3 capabilities into Jio's ecosystem, made its first integration with Jio Sphere live on Tuesday. CA Aishwary Gupta, Global Head of Payments at Polygon Labs revealed the launch of native wallet, powered by Polygon Labs PoS Blockchain network, on Jio
Fasanara Capital, a London-based investment manager, has launched its tokenized money market fund on Polygon.
Polygon, one of the first layer-2 networks in the crypto industry, has lost market share as competition in the sector has risen. POL, its token, has also plunged by 43% from its December high, while its ranking in the crypto sector has deteriorated.
Polygon (POL), the Ethereum scaling solution, looks set for a price breakout given its technical indicators. Notably, Ali Martinez, in an X post, highlighted a critical signal that suggests POL could surge amid a broader crypto market boom.