Polygon (MATIC) price witnessed a massive rally in the first week of 2026, reigniting investor confidence.
The rally was driven by Polygon’s launch of its Open Money Stack, a payments-focused framework aimed at stablecoins and institutional use, along with a spike in token burn activity.
Unlike short-lived speculative pumps, MATIC exhibited a seven day consecutive surge which displays follow on buying momentum.
With bullish momentum returns, attention has now shifted whether MATIC price can sustain this upward move or enter another consolidation phase.
Amidst the positive development, Polygon (MATIC) price has surged massively over 33% this week, signaling fresh buying interest.
The latest rally pushed MATIC above its short-term moving averages, flipping the short term trend from bearish to bullish.
The 20 EMA has started to curl upward, suggesting bullish momentum. However, the MATIC price still trades below the 200 day EMA, indicating that the broader trend has not fully flipped bullish yet.
Currently, Polygon (MATIC) price trades at $0.1453 with a weekly rise of over 33%. On the upside, MATIC price may retest the $0.2000 hurdle soon. While the support zone exists around $0.1200- $0.1000.
Furthermore, the momentum indicators also support this shift. The Relative Strength Index (RSI) has moved in the bullish region, showing a shift without entering overbought territory, leaving room for further upside ahead.
Moreover, the Moving Average Convergence Divergence (MACD) indicator has printed a bullish crossover, with the MACD line above the signal line. The histogram has turned positive, reinforcing the idea that bullish momentum is building rather than fading.
Looking at the on-chain data for MATIC, the Total Value Locked (TVL) and active addresses data reinforces the bullish case.
Polygon’s TVL has shown a rising trend suggesting users are entering the capital into the market. Historically, sustained TVL growth has preceded stronger and more durable price trends for MATIC.
Additionally, the daily active addresses have also trended higher, highlighting increased on-chain participation. This rise suggests the network is seeing renewed user activity across DeFi, gaming, and payments-related applications.
Polygon (MATIC)’s recent rally looks well-supported backed by strong news catalysts, improving chart structure and rising on-chain activity.
If bullish momentum continues, Polygon price may reach the upside target of $0.2375 ahead.
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