- POL has finally broken out of its three-month range, turning key resistance into solid support as momentum builds.
- Trading volume surged past 2.8B when price hit $0.2818, showing fresh interest and strong buying pressure.
- MACD now shows a clear bullish crossover, while RSI above 70 confirms growing strength behind the current breakout.
POL has broken past its months-long resistance zone, showing a clear shift in trend.Bulls are back in control as volume spikes, price rallies, and breakout structure confirms a potential move toward higher levels.The token is up by 12.44% in the last 24 hours and 11.22% over the past 7 days, reflecting steady buying momentum and increased market participation.
Consolidation Pattern Forms Ascending Triangle Structure
Since May 2025, POL has traded within a narrow horizontal range below $0.27, repeatedly testing resistance without a breakdown. World of Charts notes that price formed higher lows during this period, developing a textbook ascending triangle. This structure reflected increasing buying pressure and waning seller control.
Over the past three months, each rebound from the ascending trendline confirmed active demand. Candles consistently respected the support trendline while the resistance zone between $0.25 and $0.27 capped every advance. The breakout happened on the latest candle, with POL closing above $0.27 — a level unseen in months.
Volume saw a strong spike during the breakout, and the bullish setup still looks solid on the chart. According to World of Charts, if this breakout sustains, price could target $0.40 next. A move toward $0.45 is also possible if momentum builds further.
POL Breakout Mirrors 8-Hour Chart Movement
Another market observer also identified the breakout on the 8-hour chart, noting a similar bullish structure forming.Price action had been rangebound between $0.2441 and $0.2610 for 24 days, with over 2.14 billion USDT in trading volume. The breakout above $0.2610 pushed POL toward $0.2737 with rising momentum.
Moving averages on the shorter timeframe flipped bullish, as short-term EMAs crossed above long-term lines. The next resistance sits near $0.2973–$0.2991, which was last tested in mid-July. Immediate support now lies at $0.2595 and $0.2441.
MACD indicators turned positive, with increasing green histogram bars. RSI reached 71.82, entering overbought territory, further confirming strength behind the breakout.
Volume data from August 25 to 31 shows sharp increases on August 25, 29, and 31. Total market volume rose from below $2.60B to nearly $2.90B. This rise confirms growing market interest as September approaches.
