Polygon price has caught the market’s attention after a sharp recovery from its recent lows, with the token now trading around $0.079. The move has pushed POL back toward the $0.08 mark after weeks of weakness, raising fresh questions about whether bulls are finally gaining control of the price action. However, despite the recent momentum, POL is still trading within a broader descending structure. The key resistance zone stands between the current price and a potential move toward the psychological barrier.
With POL price approaching a crucial technical zone, the next few sessions could determine whether bulls can extend the rally and target $0.10.
The daily chart shows POL trading within a descending channel, keeping the broader trend bearish. However, the latest rebound from the lower portion of the channel has pushed the price above the short-term descending trendline, indicating that buying pressure is beginning to strengthen.
The Supertrend indicator has also flipped bullish, with support currently forming around the $0.071–$0.073 region. Meanwhile, the CVD has recorded a sharp positive spike, suggesting renewed aggressive buying activity behind the recent move. Trading volume has also picked up, adding further support to the recovery.
However, POL still faces a major hurdle at the $0.087–$0.089 resistance zone, which previously acted as support before turning into resistance. A decisive breakout above this area could strengthen the bullish structure and potentially push POL toward the $0.10 psychological level.
POL’s short-term outlook has improved, but bulls must clear the $0.087–$0.089 resistance to strengthen the recovery. A breakout could push the Polygon price toward the $0.10 psychological level. On the downside, rejection at resistance could pull POL toward $0.071–$0.073, followed by $0.068–$0.070. A deeper correction could expose $0.061–$0.063.
Overall, $0.087–$0.089 remains the key decision zone. A breakout favors $0.10, while a break below $0.071 could revive bearish pressure.
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