Polygon (POL) continues to move in a clear bearish direction as the price remains below the 9-day EMA, indicating that sellers still have the upper hand. Candles are weak and mostly below short-term levels, while the Bollinger Bands stay wide, signaling high volatility and a market still leaning towards further downside in the near- to mid-term.
The price is sitting close to the lower Bollinger Band, hinting at oversold behavior but also showing bears still pressing hard as attempts to rebound stay limited. Key support stands near $0.1050 and $0.1020, and a clean drop under $0.1000 could pull the price towards deeper psychological support areas in the coming sessions if weakness extends further.
If traders want to alter the outlook, the price must rise above the 9-day EMA at $0.1100, which will enable it to reach the middle band at $0.1160. Continued strength could then target $0.1200 and the upper band near $0.1300, but failure will keep sentiment bearish in both the short- and medium-term outlooks.
Also Read: Polygon (POL) Eyes $0.145 Breakout as Trading Volume Surges
The current RSI level is near 33, indicating that the token is being pulled under bearish pressure due to weak buying strength. The proximity to the oversold level indicates that the sellers are in control of the price action, but the fact that stabilization has begun suggests that the bears may be lessening their pressure.
The MACD displays a weak bullish signal as the blue line struggles to slightly cross above the signal line, and the histogram shows a weak positive bias. However, both lines are still below the zero level, indicating that overall market momentum is still with the bears, and a strong volume-driven upside follow-through is needed for a sustained bounce.
Polygon is steadily developing strong infrastructure rails for global payments with a focus on faster settlement times and lower costs. Polygon’s progress was affirmed on a large scale when Shift4, a global independent payment processor that is among the largest of such entities worldwide, integrated stablecoin payments on Polygon this year.
With this integration, it will be possible for hundreds of thousands of merchants globally to receive payments faster, as it will simplify the process of capital flow and will be able to manage funds at all times. This will be made possible by Polygon’s reliable transaction rail that will enable continuous transactions.
Also Read: Polygon Exec Predicts Stablecoin ‘Super Cycle’ as Banks Face Liquidity Threat


