Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Polygon (POL) is approaching a critical juncture around the $0.28 mark, where recent momentum meets key resistance. The coming sessions could determine if buyers can push past this level for a breakoutor if a pullback toward support near $0.26 will set the stage for consolidation. Polygon Uptrend Faces Resistance At $0.28
GemXBT, in a recent update sharedon X, highlighted that Polygon has been trending upward, showing encouraging strength in its recent performance. However, the chart now reveals that the price is approaching a crucial resistance level at $0.28, while finding strong supportaround $0.26. Related Reading Last Chance For Polygon As Crypto Analyst Predicts MATIC Price Will Surge Above $1 Again 4 months ago
From a technical perspective, the MACD has flashed a bearish crossover, which often signals fading momentumor the possibility of a short-term correction. This development suggests that bulls may need to exert more pressure to sustain the uptrend and push through the $0.28 resistance. POL bears oushing price downward | Source: Chart from GemXBT on X
Adding to this cautious tone, the RSI is moving downward, indicating weakening buying pressure. If the indicator continues to fall, a dip toward the $0.26 support area could be on the cards before any attempt at a fresh rebound.
Interestingly, volumespikes have consistently aligned with price peaks, which signals heightened interest and activity whenever POL approaches key levels. This dynamic underscores the importance of monitoring these technical zones closely, as they could set the stage for either a decisive breakout above resistance or a corrective pullback to retest lower supports. Key Decision Point: Rally Continuation Or Healthy Reset?
Accordingto OLUWANIFEMI, Polygon is currently trading at $0.2778, marking an impressive 13.82% gain over the last 24 hours, indicating strong momentum. Building on this, OLUWANIFEMI highlights that the price action is right around the $0.280 resistance zone, which is shaping up to be a critical level for the next move. In his view, if buyers manage to maintain control and push past this barrier with convincing volume, the setup could pave the way for a further breakout to the upside. Related Reading Polygon Eyes 2x Upsurge From Broadening Wedge Pattern 4 months ago
However, he also cautions that not all signals point to immediate strength. Should momentum begin to fade, the expert anticipates a healthy pullback toward the $0.260 support region. A retest of this level, he emphasizes, would not necessarily harm the broader trend but could instead provide the marketwith room to reset before the next upward leg.
Concluding his outlook, the analyststresses that this makes the current zone particularly important to monitor. Whether Polygon breaks higher or dips into consolidation, he claims sharp traders will be watching closely to position themselves for the next significant move in either direction. POL trading at $0.27 on the 1D chart | Source: POLUSDT on Tradingview.com Featured image from Polygon, chart from Tradingview.com