Key Insights:
- Polygon price prediction suggests that the asset is on the verge of a 15% price crash.
- On the daily time frame, POL appears to be failing to maintain a key support level.
- An expert believes that POL could 2x or more from its current level and may reach the $0.50 mark in the future.
Polygon price prediction suggests that POL could experience a 15% decline in the coming days, as recent uncertainty pushes the asset toward a key support level. The daily chart reveals a bearish price action pattern, though confirmation is pending and will occur only if the price falls below the $0.226 level.
Current Price Momentum
At press time, POL was trading near $0.228, having recorded a price decline of over 3.50% in the past 24 hours. This notable drop has raised concerns among traders and investors, leading to a 10% decrease in reported trading volume.
This drop in trading volume, along with the price dip, indicates weak momentum in the asset, further strengthening POL’s bearish outlook.
Polygon (POL) Price Action and Technical Analysis
According to expert technical analysis, the Polygon price prediction appears bearish, as the asset has fallen below the key support level of an ascending trendline that has been in place since April 2025.
Additionally, the daily chart reveals that the ongoing price decline could accelerate if POL breaches a key horizontal support at $0.225. This level has provided support over the past 30 days, with the asset retesting it multiple times during that period.
Polygon Price Prediction
Based on recent price action and historical patterns, if the POL price fails to hold the $0.225 level and closes a daily candle below it, the Polygon price prediction suggests the asset could decline by 15%, reaching the $0.195 level in the coming days.
The Polygon price prediction could turn bullish only if it holds above the $0.225 level and closes a daily candle above $0.255.
Meanwhile, POL’s Relative Strength Index (RSI) currently stands at 40, indicating that the asset is neither overbought nor oversold. Under such conditions, traders and investors are likely to remain cautious and wait for a clear directional bias before entering the market.
Expert Views on POL
Amid this mixed technical analysis, a crypto expert recently shared a post on X (formerly Twitter), stating that POL is bullish and could 2X from its current level, potentially reaching the $0.50 mark in the coming days.
Bearish On-Chain Metrics
Despite this expert’s bullish outlook for Polygon, traders and investors seem to be betting on the bearish side, as reported by the on-chain analytics firm CoinGlass.
$243k Worth of POL Inflow
Data from the spot inflow/outflow reveals that exchanges across the crypto landscape have witnessed a notable inflow of $243k worth of POL tokens over the past 24 hours.
This substantial inflow of tokens in such market conditions suggests a potential offloading by long-term holders, which could cause selling pressure and further downside momentum.
Traders Over-Leveraged Levels
In addition to long-term holders, traders are currently over-leveraged at $0.2258 on the lower side (support) and $0.2351 on the upper side (resistance). At these levels, they have built $230k worth of long positions and $470k worth of short positions, respectively.
This indicates that sellers are dominating and believe that the POL price won’t go beyond the $0.2351 level anytime soon.
When combining these on-chain metrics with the technical analysis, it appears that bears are currently in control. If these metrics remain unchanged, they could push POL’s price lower in the coming days.