- $POL maintains strong support near $0.22, signaling buyer confidence at the channel’s lower boundary.
- Price targets $0.26 mid-channel and $0.30 upper resistance as bullish momentum holds.
- Volume shows cautious trading; failure below $0.22 may push $POL toward $0.20 support.
Polygon’s native token POL is trading at $0.2376 after a 4.14% dip in 24 hours, but still up 1.26% on the week as bulls defend key support and eye a breakout toward $0.30.
Bulls Defend Critical $0.22 Support
Since June, $POL has traded inside a clearly defined ascending channel, with higher lows marking the market’s steady uptrend. The $0.22 level, which is near the channel’s lower boundary, has acted as a support point in October when the price tested this zone before bouncing back, and maintained the bullish structure.As of this writing $POL trades below the 9-day EMA and the 50-day SMA, a sign of short-term consolidation.
This tussle around moving averages shows indecision but does not threaten the channel’s overall outlook.If $POL loses the $0.22 support, the next stands could be at $0.20, or even lower levels.
Targets Set Between $0.26 and $0.30
The mid-channel resistance at $0.26 and the upper channel line resistance at $0.30 are the next upside targets if bullish momentum persists. Price action throughout September and early October shows healthy higher highs and higher lows, indicating strength within the channel.
Volume dynamics provide additional context.Activity has slowed down,after a strong rise in trading volume in mid-September,this shows signs of caution and profit-taking. The price was recently pushed down after sellers stepped in at higher levels. For bulls to take charge again, $POL needs to move back above $0.248 with stronger trading volume.
Polygon’s Growing Role Fuels Long-Term Potential
Beyond technicals, $POL stands out as a leader in real-world asset tokenization, commanding over 60% market share and over a billion dollars in tokenized assets. Its infrastructure powers institutions bridging traditional finance with blockchain.
Polygon’s 2.0 upgrade is expected to bring big improvements in speed, security, and how liquidity moves across the network. $POL is trading between $0.23 and $0.26, showing signs that it could move higher soon, supported by strong fundamentals and steady buying.
$0.22 support is keeping $POL inside its upward price channel looking to break $0.26,and the target around $0.30.
While trading volume remains low, the overall setup looks positive. Polygon’s strong role in real-world asset tokenization and its coming upgrade add to its long-term growth potential.
