Polygon (POL) is showing renewed bullish momentum after bouncing from key support within a descending wedge pattern. According to the crypto analyst ZAYK Charts, this structure often signals weakening selling pressure and potential reversal.
The recent rebound suggests buyers are defending the lower boundary, setting the stage for a possible breakout if momentum continues to build in coming sessions.
Source: ZAYK Charts’ X Post
The traders are keeping an eye on the resistance level, where a breakout may indicate a continuation of the bull run.
If POL is able to break through this level with high trading volume, the token may reach $0.112 based on the calculation of the wedge chart. On the other hand, if the token is rejected, it may trade sideways or test the support again before a strong move is seen.
Also Read: Polygon (POL) Slides Near $0.090 Support: Is a Recovery to $0.147 Still Possible?
Polygon (POL) Momentum Indicators Show Increasing Bullish Strength
According to TradingView, the relative strength index (RSI) is at 57.29, moving upwards after crossing its signal line. Its movement away from the 50-mark indicates an increased dominance of buyers without entering overbought levels.
It indicates a healthy recovery for POL after hitting its lows, suggesting that it still holds enough strength to continue its upward run in the short term.
Source: TradingView
The MACD indicator supports this new bull move with a recent positive crossover. The blue line has crossed above the orange line, while the histogram has turned from red to green, indicating rising momentum.
As the space between these two lines increases near the zero baseline, it indicates rising buying pressure.
Polygon Records Massive Jump in Active Users
Monthly active users of USDT0 on the Polygon network recorded a sharp increase in 2026, with the number doubling so far this year to reach 2.2 million.
This is according to the data provided by Token Terminal, which states the increase is a result of the growing use of stablecoin activity on the network and the ecosystem as a whole.
Source: Token Terminal’s X Post
The momentum in the adoption of stablecoin use indicates the deeper penetration of USDT0 in the decentralized finance domain of the Polygon network, driven by low costs, speed, and the increasing amount of cross-chain transactions.
As the network continues to attract users in search of efficient liquidity channels, the stablecoin adoption will continue to attract retail and institutional investors.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Polygon Sees Massive $37.4 Billion Stablecoin Surge While POL Price Stalls
