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Pyth Network Pyth Network (PYTH) $0.12 ↓ -4.80%
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Ethereum Ethereum (ETH) $4,318.78 ↑ 0.91%
XRP XRP (XRP) $3.15 ↓ -3.26%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.00%
BNB BNB (BNB) $809.84 ↓ -0.79%
Solana Solana (SOL) $175.76 ↓ -4.23%
USDC USDC (USDC) $1.00 ↓ 0.00%
Dogecoin Dogecoin (DOGE) $0.22 ↓ -4.32%
TRON TRON (TRX) $0.35 ↑ 1.64%
Cardano Cardano (ADA) $0.78 ↓ -4.11%
Chainlink Chainlink (LINK) $21.46 ↓ -2.57%
Hyperliquid Hyperliquid (HYPE) $43.37 ↓ -6.69%
Stellar Stellar (XLM) $0.44 ↓ -3.00%
Sui Sui (SUI) $3.68 ↓ -4.90%
Bitcoin Cash Bitcoin Cash (BCH) $591.39 ↑ 2.77%
Hedera Hedera (HBAR) $0.25 ↓ -5.75%
Ethena USDe Ethena USDe (USDe) $1.00 ↑ 0.00%
Avalanche Avalanche (AVAX) $23.09 ↓ -4.71%
Litecoin Litecoin (LTC) $119.47 ↓ -3.65%
Toncoin Toncoin (TON) $3.41 ↑ 0.77%
UNUS SED LEO UNUS SED LEO (LEO) $9.02 ↓ -1.31%
Shiba Inu Shiba Inu (SHIB) $0.00 ↓ -4.15%
Uniswap Uniswap (UNI) $11.20 ↑ 1.33%
Polkadot Polkadot (DOT) $3.91 ↓ -3.73%
Cronos Cronos (CRO) $0.17 ↓ -2.55%
Dai Dai (DAI) $1.00 ↑ 0.02%
Ethena Ethena (ENA) $0.79 ↓ -5.25%
Bitget Token Bitget Token (BGB) $4.40 ↓ -1.72%
Monero Monero (XMR) $259.23 ↓ -5.54%
Pepe Pepe (PEPE) $0.00 ↓ -6.27%
Aave Aave (AAVE) $297.75 ↓ -2.87%
Bittensor Bittensor (TAO) $364.16 ↓ -6.08%
Mantle Mantle (MNT) $1.03 ↓ -1.00%
Ethereum Classic Ethereum Classic (ETC) $22.44 ↓ -2.85%
NEAR Protocol NEAR Protocol (NEAR) $2.62 ↓ -5.14%
Ondo Ondo (ONDO) $0.99 ↓ -3.84%
Aptos Aptos (APT) $4.59 ↓ -3.13%
Pi Pi (PI) $0.38 ↓ -6.00%
Internet Computer Internet Computer (ICP) $5.42 ↓ -4.03%
OKB OKB (OKB) $46.08 ↓ -1.28%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.24 ↓ -2.93%
Kaspa Kaspa (KAS) $0.09 ↓ -4.84%
Arbitrum Arbitrum (ARB) $0.44 ↓ -3.98%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↓ -11.43%
Algorand Algorand (ALGO) $0.26 ↓ -6.87%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↓ 0.00%
VeChain VeChain (VET) $0.02 ↓ -2.81%
Cosmos Cosmos (ATOM) $4.52 ↓ -3.10%
GateToken GateToken (GT) $16.37 ↓ -3.09%
Bonk Bonk (BONK) $0.00 ↓ -10.35%
Render Render (RENDER) $3.78 ↓ -4.73%
Worldcoin Worldcoin (WLD) $0.99 ↓ -7.38%
Sky Sky (SKY) $0.08 ↓ -2.54%
Sei Sei (SEI) $0.31 ↓ -4.35%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $8.88 ↓ -3.92%
Filecoin Filecoin (FIL) $2.49 ↓ -4.49%
SPX6900 SPX6900 (SPX) $1.79 ↓ -6.49%
Story Story (IP) $5.62 ↓ -16.37%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.70 ↓ -4.80%
Flare Flare (FLR) $0.02 ↓ -2.49%
Jupiter Jupiter (JUP) $0.50 ↓ -4.96%
KuCoin Token KuCoin Token (KCS) $11.90 ↓ -0.64%
Four Four (FORM) $3.85 ↓ -1.11%
First Digital USD First Digital USD (FDUSD) $1.00 ↓ -0.01%
XDC Network XDC Network (XDC) $0.09 ↓ -2.61%
Injective Injective (INJ) $13.75 ↓ -5.27%
Quant Quant (QNT) $110.76 ↓ -2.53%
Lido DAO Lido DAO (LDO) $1.49 ↑ 0.60%
Optimism Optimism (OP) $0.76 ↓ -3.65%
Stacks Stacks (STX) $0.72 ↓ -7.35%
Celestia Celestia (TIA) $1.73 ↓ -6.84%
Curve DAO Token Curve DAO Token (CRV) $0.92 ↓ -9.31%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 2.87%
Immutable Immutable (IMX) $0.56 ↓ -3.93%
FLOKI FLOKI (FLOKI) $0.00 ↓ -7.47%
Ethereum Name Service Ethereum Name Service (ENS) $28.21 ↓ -3.74%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.01%
Conflux Conflux (CFX) $0.20 ↓ -5.38%
The Graph The Graph (GRT) $0.09 ↓ -5.73%
Aerodrome Finance Aerodrome Finance (AERO) $1.11 ↓ -8.18%
PAX Gold PAX Gold (PAXG) $3,347.72 ↓ -0.28%
PancakeSwap PancakeSwap (CAKE) $2.75 ↓ -3.06%
dogwifhat dogwifhat (WIF) $0.91 ↓ -8.06%
Pendle Pendle (PENDLE) $5.43 ↑ 0.20%
Kaia Kaia (KAIA) $0.15 ↓ -2.96%
Sonic Sonic (S) $0.30 ↓ -3.72%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.32 ↓ -8.07%
Nexo Nexo (NEXO) $1.34 ↓ -1.77%
Tezos Tezos (XTZ) $0.82 ↓ -6.48%
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Home Cryptocurrency

Will Polygon (POL) Bounce Back After Testing Crucial Three-Year Support Level?

Tom Nyarunda by Tom Nyarunda
10 March 2025
in Cryptocurrency, Economy, News
Reading Time: 3 mins read
0
Will Polygon (POL) Bounce Back After Testing Crucial Three-Year Support Level?

Which Way Polygon?

Polygon (POL) is among the altcoins that suffered the most from the challenges it faced, maintaining its position even as Bitcoin continued to exhibit robust momentum. Questions now abound on whether POL will bounce back and shoot for the stars.

According to data from TradingView, the weekly chart shows that the price of Polygon has been on the consolidating trend within a three-year descending triangle trend, which started at the beginning of the 2021 Bull Run.

Table of Contents

Toggle
    • YOU MAY BE INTERESTED
    • Whitelist Ending Soon – Is MoonBull the Bullish New Meme Coin Pick as SLERF Volume Spikes 75% and Doginme Gains This Week?
    • Dogecoin Price Prediction: DOGE Gains 15.86% as Troller Cat Seeks 312% Jump to $0.0005309
  • Historical Support Zone
  • Will Polygon Recover?
  • Reversal is Possible within the Next Few Days
  • Factors that Could Revive Polygon
  • Conclusion
    • Frequently Asked Questions (FAQs)
      • What is a Polygon network?
      • What assets does the Polygon network support?
      • How do POL tokens differ from other cryptocurrencies?
      • Why do POL tokens have the same address as ETH?
  • Appendix: Glossary of Key Terms
  • References

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Polygon Price action
Source: CryproQuant

Historical Support Zone

The recent downtrend Polygon is experiencing started way back on December 2, 2024, triggered by POL’s rejection from the upper resistance of the triangle at $0.76. According to the analysis by TradingView, the downturn drove the price down to a key support level between $0.28 and $0.41, which has historically been a support zone that consistently acted as a substantial area for rebounds to happen.

The trend is expected to help the altcoin bounce from the support level and target the 25-day Simple Moving Average (SMA). A break above the 25SMA would increase the likelihood of a breakout from the multi-year descending triangle pattern.

Will Polygon Recover?

The current support level for Polygon has always provided a solid foundation for its price recovery. As a result, it’s expected to follow the general performance of the king of Altcoins and Ethereum and the general market sentiment.

Should Ethereum’s recovery proceed without any serious challenge, it is expected to tag Polygon and several other strong altcoins alongside it and confirm a trend reversal that could initiate a breakout for Polygon. The next few days will be crucial in determining POL’s trajectory and whether the new support level will be the beginning of its recovery from an inevitable decline.

Reversal is Possible within the Next Few Days

By the time of writing, Polygon was selling at around $0.22, reflecting a modest increase in the last 24 hours, and according to analysts, it was consolidating after breaking out from below the key support level. Investors should now watch out for a $0.30 support level that could quickly surge to a $0.3051 resistance level.  Moreover, The 34.33 Relative Strength Index (RSI) highlights that Polygon could be operating in the oversold zone, suggesting a reversal within the next few days. Nonetheless, if the price goes below this support level, things could turn opposite.

Will Polygon Bounce back
What will cause Pol to bounce back?

Factors that Could Revive Polygon

One of the factors that could work in favor of POL during this critical moment is the introduction of any new decentralized application built on the ecosystem, which could create renewed user interest and increase transaction volumes. The issue of institutional adoption has been a slippery one for Polygon. Still, its occurrence could be one of the missing links and, of course, community engagement with Polygon’s social channels where users could share their confidence and the future of the network.

Conclusion

There are mixed signals currently as Polygon sits on the threshold of a potential rebound. If POL holds on to the current support levels and the trend persists, the much-anticipated breakout will occur within the next few days. However, any decline in address activity leading to decreased transaction volume could hold back the momentum.

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Frequently Asked Questions (FAQs)

What is a Polygon network?

Previously called the Matic Network, Polygon is a network of L2 solutions that aims to improve the scalability of the Ethereum blockchain and reduce transaction costs.

What assets does the Polygon network support?

The main asset of this network is POL, which covers the transaction fees. However, the network also supports a variety of other tokens, such as stablecoins and wrapped ETH.

How do POL tokens differ from other cryptocurrencies?

POL tokens differ from other coins like BTC or ETH in the same manner as any tokens differ from leading net coins.

Why do POL tokens have the same address as ETH?

That’s because the network is an ETH sidechain compatible with the Ethereum network.

Appendix: Glossary of Key Terms

Polygon: A cryptocurrency and blockchain platform that helps to make Ethereum transactions faster and cheaper.

Matic: A cryptocurrency for the Matic network used to pay transaction fees, stake, and govern the network. It is also known as the Polygon token.

Bull Run: A period where most investors are buying, demand outweighs supply, market confidence is high, and prices are rising.

References

AmbCrypto

Atomic Wallet

 

Tags: Polygon (MATIC)Polygon Price analysis
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Tom Nyarunda

Tom Nyarunda

Tom Nyarunda is a writer with in-depth knowledge of blockchain, cryptocurrency, NFTs, and SaaS. Based in Kenya, Tom has devoted his time to the study of Bitcoin and cryptocurrency, as he believes them to be incorruptible products of the future.

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