- The POL token on Polygon is surging out of a declining wedge, which is a sign that the extended downtrend might be ending.
- From chart analysis, attention is drawn to $0.4862 and $0.6971 as potential upper price targets with a major support at $0.26.
- Networks keep supporting $1.00 for the bridged assets USDT, showing high network demand and high liquidity.
While its downtrend has been a long term affair, the Polygon (POL) token has recently begun showing early signs that it could be on the cusp of a trend change. Analysis of chart patterns as well as important technical indicators suggest the token may have a bullish breakout after breaking out of a falling wedge, a pattern that is traditionally perceived by analysts to be a positive reversal signal. Such a turn is particularly important since the broader market continues to seek the signs of recovery.
Downtrend Structure Signals Exhaustion
On the daily chart, there has been a strong bearish structure since late 2024, with the tendency for lower highs and lower lows that have established a downward wedge. Normally, these patterns are seen as reversals once a break above the resistance is established with decent volume growth. Over the last few weeks, POL has struggled with consolidation close to the lower exterior of the wedge before breaching the upper resistance in May 2025 (early).
The market signaled a technical breakthrough with prices above $0.26 crossing the short-term resistance. This development suggests a reverse in investor drive and may indicate a possible change in the token’s medium-term direction.
Upside Targets and Price Levels
Breakout momentum prepares the ground for price expectations at $0.4862 and $0.6971, both areas covered by previous price recollections and Fibonacci retracements. The proposed targets will only be achieved if there is continued buying pressure and market stability maintained. The $0.30 level may turn out to be highly meaningful, with a rapid resistance immediately, and some traders have already begun to close out their positions at that level.
The $0.26 mark is holding as support, a level previously viewed as resistance, but now being probed as a new barrier of support. Investors may be keen on this region as they may focus on any setbacks that may deface the price rally.
USDT Steady on Polygon as POL Shows Bullish Momentum
Throughout the Polygon network, USDT has been stagnant, maintaining a price of $1.00, and only having minor fluctuations (-0.0%) within the last 24 hours. As maintained in its peg, Bridged USDT on Polygon is well preserved; has support at $0.9999 and resistance at $1.00, which demonstrates a balanced equilibrium between demand and supply.
The recent market trend of POL reflects a turn in favor of a bullish figure, as selling intensity continues to be directed downward. Although the overall market landscape is important to observe, the wedge overcoming has a significant positive role to play in the mind of both trading and observing individuals.
