Crypto / POL
PO
Polygon (prev. MATIC)
$0.0921
+0.00%
Past 3months
Trading vol78.22M
Market cap0.978B
Fully Diluted Valuation0.978B
Total Supply10.62B
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MasterAnanda
MasterAnanda
Polygon has bullish potential, major higher high exposed!
Time flies. It's been more than a month since we last looked at Polygon (POLUSDT), and it looks good to be honest. Polygon is trading above the early January low, soon to be three months sustaining the same bottom. Only briefly in late January-early February we see a break of this level but nothing more than a stop-loss hunt event, which is bullish. The market movers were removing weak hands and only because the market is about to rise. If the trend was bearish, there wouldn't be a need for a stop-loss hunt, it just goes straight down breaking all support. This chart gives us bullish potential. Not necessarily bullish conditions but a new bullish wave can develop as long as the action stays above support. We continue to patiently wait for the development of the next bullish market phase. First, POLUSDT was moving within a downtrend. Then, it went sideways and sideways remains. Last, it can change direction. See the green arrow on the chart. Resistance has been found at 0.5 Fib. extension, fully confirmed. Since we have a lower low, it is possible that strong resistance is found around this level once more on the way up. Since the low was shy, it is likely that it breaks and the break of resistance opens up the next major level as a higher high. Not necessarily 1.618, can be 1, 1.236, etc. Yet, this is a good chart setup. Thank you for reading. If you enjoy the content make sure to follow. I share new charts every single day. Hundreds of charts every month... For your entertainment and educational purposes only of course. Not financial advice. Namaste.
6:25 PM · Mar 20, 2026
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coinpediamarkets
$POL Near Key Resistance - Rejection Could Send It Back to $0.09
Current Price: ~$0.0983 Timeframe: 4H Market Structure: Bearish trend with short-term relief bounce 🔎 Technical Overview The chart shows BINANCE:POLUSDT trading inside a broader downtrend, with price consistently forming lower highs and lower lows since early March. Recently, the asset bounced from the $0.093–$0.094 demand area, forming a short-term recovery toward the $0.098–$0.099 region. Price is currently approaching a key resistance zone between $0.1049 – $0.1064, which previously acted as a strong supply area where sellers stepped in aggressively. Moving averages on the chart remain sloping downward, indicating the overall trend is still bearish despite the recent bounce. 🔴 Key Resistance Zone $0.1049 – $0.1064 This zone marks a major supply area where previous rallies were rejected. Multiple price reactions occurred here, confirming strong seller liquidity. If price reaches this area again, another rejection is likely unless strong momentum breaks it. 🎯 Short Setup (As Shown in Chart) Entry Price: $0.1049 Stop Loss: $0.1079 Targets: Target 1: $0.1006 Target 2: $0.0959 This setup offers a risk-to-reward structure favoring downside continuation if price gets rejected from the resistance zone. 📉 Bearish Scenario If BINANCE:POLUSDT fails to break the resistance zone: Price may reject from $0.105 area Likely move back toward $0.100 psychological level Further downside could test $0.096 – $0.095 support zone A breakdown below $0.095 would expose the $0.090 region, continuing the broader downtrend. 📈 Bullish Scenario For bullish continuation: Price must break and hold above $0.106 A successful breakout could push PSX:POL toward: $0.110 $0.115 mid-term resistance However, current momentum suggests bullish strength is still weak. 🧠 Fundamental Context Fundamentally, Polygon’s recent +1.09% move appears largely beta-driven, following the broader crypto market rally led by Bitcoin. BTC: +1.37% Total Market: +1.18% POL: +1.09% This indicates BINANCE:POLUSDT is currently moving in correlation with market sentiment rather than project-specific catalysts. 🔮 Near-Term Outlook Key Support: $0.095 Key Resistance: $0.105 – $0.106 If support at $0.095 holds, BINANCE:POLUSDT could attempt a retest of the $0.10–$0.102 range. If $0.090 breaks, the downtrend may accelerate. ✅ Summary: BINANCE:POLUSDT remains in a macro bearish structure, and the $0.105 supply zone is the critical level. Traders are likely watching for a rejection here to continue the downtrend toward $0.096 or lower.
1:08 PM · Mar 12, 2026
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