Have you been studying the Polygon price charts and wondering whether it is a good time to adopt the coin? In that case, you are at the right spot. Today, let’s discuss the Polygon token’s price performance in the last 24 hours and analyze what possible trends are on the rise. Previously known as MATIC, Polygon has grown by almost 24% in the past week. However, the bullish trend allowed it to climb till April 25.
Since then, the progress has flatlined, with the Polygon price posting a 2.8% loss in the last 24 hours. The action has been strictly limited to a narrow range, with $0.25 as the primary resistance. Given the stabilization, investors wonder if the bull run is over or if more upward POL breakouts are on the cards. So, let’s break down the latest price movements and assess Polygon’s next move.
Polygon Price Analysis for April 28, 2025
Polygon started trading yesterday at $0.2450. A slight golden cross formed early during the day, costing Polygon up to $0.2467. However, this spike was followed by a big death cross on the MACD, as the POL price soon descended rapidly to $0.2381 by 2:00 UTC. The RSI indicated oversold levels, and investors expected a strong reversal. The reversal came in with the 2:10 UTC golden cross. A strong uptrend formed, taking Polygon to $0.2500.
Chart 1: published on TradingView, April 28, 2025
With the coin overbought at this point, a bearish reversal was due. However, Polygon prevented a pronounced downtrend, forming a trading range lasting until 9:00 UTC. Bearish pressure built up, with the long-term EMA consistently working above the short-term EMA. This led to an extended downtrend as the RSI tipped towards the oversold side. This downtrend brought Polygon to $0.2390 at 13:00.
The RSI was oversold at this point, and we are calling for a reversal. A short reversal did arrive, but it lost steam before making any meaningful progress, leading to a drop to $0.2365. At 17:30, an upward channel commenced, gradually pushing the POL price to $0.2425. However, with two death crosses in quick succession at 22:50, a reversal ensued. The price ended up at $0.2395 by midnight.
POL Movements Today: April 28, 2025
The built-up bearish pressure led to a downward POL breakout, and the price plunged to $0.2345 in the first five minutes of trading. The oversold RSI indicated a possible trend reversal. A short reversal was seen despite the death cross widening on the MACD. This reversal pushed the Polygon price to $0.2362. But the bearish pressure soon forced POL to slip further to $0.2310. With the RSI oversold and a golden cross in support, Polygon staged a steady uptrend from 2:00 UTC, leading Polygon to $0.2404. Some consolidation followed, but a general bullish trend took POL to $0.2423. As of the latest update, Polygon traded at $0.2415.
Polygon Price Prediction: Can Polygon Return to the $0.25 Level
$0.25 is posing strict resistance to the Polygon price as of now. However, with bearish forces picking up steam, it has been a rocky road for Polygon in the past 24 hours. Investors look indecisive. However, the charts suggest a slightly bearish outlook. As of now, Polygon has effectively evaded a bearish reversal by forming a trading range. This means that the bulls may be gearing up for a power move. In that scenario, Polygon will try to test the $0.25 resistance. If the test fails, some consolidation around that level should follow.
Polygon Price Analysis of April 30, 2025
The Polygon price was at $0.2389 when trading commenced yesterday. The range-bound fluctuations from the previous day continued yesterday as well. The price increased slightly to $0.2404 by 1:45 UTC. A bearish crossover formed on the MACD, and the following downtrend led the price down to $0.2375. However, the golden cross at 3:25 UTC formed an equally potent uptrend. This upward POL trend pushed the price up to $0.2409. Rapid interaction followed on the MACD as the price plunged to $0.2385 and then spiked to $0.2439, finding its daily high.
The RSI also ventured into the 70+ overbought zone at this point, and a heavy reversal was expected. However, the reversal was slow and characterized by heavy fluctuations as Polygon slumped to $0.2414. A slight uptrend followed, with the POL price increasing to $0.2430 by 9:00 UTC. But, the downtrend intensified with a 9:10 UTC death cross as Polygon slipped to $0.2382 within the next 2 hours.
Chart 2: Analysed by raodevansh18, published on TradingView, April 30, 2025
The 13:45 golden cross instigated an upward trend, but the Polygon price faced strong rejection at $0.2408. Failure to break this newly formed resistance led the price to the $0.2375 support. Another bullish POL trend formed around 18:00 UTC, but could only take the POL price to $0.2400 before facing a reversal. The ensuing downtrend at 19:25 UTC led the price to breach the support level and find a bottom at $0.2335 by 23:15 UTC. A short reversal was seen around 21:10 UTC, but turned out to be just a bearish flag. With the RSI almost oversold, Polygon bounced off the support and touched $0.2367 at 23:50 UTC.
Polygon Ascends Today, Strong Resistance at $0.24 Persists
Yesterday’s bounce back was temporary, as the price returned to $0.2354 by midnight. Some fluctuations followed, but a bearish trend, supported by the 1:00 UTC death cross, led the price down to $0.2341. An hour later, at 2:00 UTC, a bullish crossover emerged on the MACD, and Polygon climbed to $0.2373 quickly. However, sideways consolidation ensued as the market remained indecisive. Any upward Polygon movements met rejection at $0.2373.
A bearish POL breakout was observed, as a downtrend formed and Polygon slumped to $0.2335 for support. The RSI forayed into the oversold region, and a strong bullish reversal was expected. At 7:50 UTC, the POL price started climbing confidently as the buyers entered the market in large numbers. This confident uptrend met a few bullish flags on the way, but has continued to climb. As of the latest update, the POL price stands at $0.2399.
What the Indicators Reveal for Polygon?
The MACD has depicted an overall bearish tone in the last 24 hours. Death crosses have been seen at multiple crucial points and have corroborated strong bearish POL trends. They have been reliable in identifying price slumps. The golden crosses, however, have failed to accurately predict the longevity and the intensity of any upward trends. The RSI has also quickly surged towards the overbought zones with slight price rises. However, the latest uptrend has seen some resilience from the RSI.
Indicators Paint Positive Short-Term Outlook for Polygon Price
Currently, the POL price is poised to test the $0.2408 resistance. The RSI is resilient, and the signal line has eluded the long-term MACD line for now, further widening the golden cross. This indicates strong bullish momentum. However, the price action may flatten or feature a strong reversal near the resistance. If Polygon finds a support close, more ups may follow.
Polygon (POL) Price Analysis for May 2, 2025
The Polygon price chart experienced severe fluctuations in the past 24 hours. Multiple spikes have been seen, which have been succeeded by sharp corrections. The price went on to touch a 24-H high of $0.2467. However, strong corrections have stabilized it around the $0.2400 mark. Polygon was trading for $0.2374 as the session commenced. It found intense bullish pressure with a golden cross at midnight, initially pushing it up to $0.2382. It soon slipped to $0.2372 as the EMAs seemed to be converging.
However, the golden cross widened again, leading to a considerable spike to $0.2420 by 1:40 UTC. The RSI was overbought at this point, calling for a bearish reversal. A downward POL trend formed as the POL price slumped to $0.2398. However, POL touched higher and lower lows, working in a bearish channel, going to $0.2385 by 7:20 UTC. The price rose to $0.2420 with a golden cross. Vigorous fluctuations occurred right after, as a slight upward channel was seen. The price stood at $0.2408 by 12:15.
Chart 3: Analysed by raodevansh18, published on TradingView, May 2, 2025
Fifteen minutes later, a wide golden cross formed as the Polygon price spiked again, going up to $0.2467 by 13:15 UTC. However, the RSI also responded quickly by going into the overbought zone. A death cross of similar proportions soon followed, leading to a sharp correction to $0.2400 by 14:00 UTC. Another aggressive uptrend followed, but faced correction again. A series of consecutive lower highs and higher lows was seen, a classic symmetrical triangle. The price soon struck a ceiling at $0.2432, and a downward POL breakout was seen as the price slumped to $0.2390 by around midnight.
Polygon Attempts to Rise, $0.2432 Poses Strict Resistance
At midnight, the POL price stood at $0.2404. A slight uptrend followed, but flatlined at the $0.2410 mark. Correction ensued, leading the Polygon price to a bottom at $0.2390. The 2:00 UTC golden cross led to a bullish POL trend. The price soon rose to $0.2426, with the RSI foraying into the overbought region. A strong corrective POL trend ensued as the price declined to $0.2388 by 7:10 UTC. The bullish pressure resumed with the golden cross 5 minutes later. An upward channel formation was observed, which led the price to test the $0.2432 resistance again. However, the Polygon price failed to muster an upward breakout, leading to a sharp correction. As of the latest update, the POL price was at $0.2400.
$0.2388 Support Crucial for Polygon, What Do the Indicators Reveal?
The MACD indicator has seen rapid interactions between the 9-day and the 12-day EMAs. The consecutive bullish and bearish divergences have led to aggressive spikes and the formation of POL trends. If such behavior continues, the price may see more volatility in the latter half of the day today. The RSI has been sluggish. Despite sharp downtrends, it has not yet ventured into the oversold zone for a significant amount of time.
However, the overbought readings every time the Polygon price has inched closer to the resistance suggest a strong psychological barrier above $0.2400. Currently, the price is inching closer to finding support at $0.2388. For the next hour or two, the support may survive the initial tests. If Polygon can breach the resistance soon, a higher support level can be established. If the support does not hold, the bulls should step in to avoid any significant downsides.
Polygon (POL) Price Analysis for May 6, 2025
Polygon attempted to ascend early on in the trading session, but hit a strong ceiling at $0.2351. Since then, the bears have been in control. Polygon started trading at $0.2285. A brief initial rise was seen, as the price went to $0.2318. However, the death cross at 1:15 validated a stronger downturn to $0.2264. The RSI also dipped, sticking close to the oversold level. At this point, strong bullish pressure ensued as the price climbed, touching higher highs and higher lows consistently. This upward channel led the price to $0.2332 by 6:00 UTC.
POL/USDT Chart, analyzed by raodevansh18, published on TradingView, May 6, 2025
A slight correction was seen from that point, but the bulls continued to persevere, pushing the price up to $0.2350. The RSI decisively pierced the overbought barrier, and the bears began to assume control. A wide death cross formed at 9:00 UTC, prompting a strong decline to $0.2238 by 14:00 UTC. The RSI ventured into the oversold region multiple times during this downtrend, but no reversal was seen. Even at 14:00 UTC, the RSI dipped into the oversold area. A strong reversal was expected, but the ascent was capped at $0.2270, and a trading range formed.
A downward POL breakout was seen, but turned out to be a fakeout as the price climbed to $0.2280 right after. The $0.2280 rejected the Polygon price’s advances, leading to another downtrend for the token, which fell to $0.2207 by 20:35 . Another uptrend commenced at 20:40 UTC, faced rejection much closer at $0.2257. This rejection led the price into another bearish trend going towards midnight. As of midnight, the POL price stood at $0.2235.
Polygon Fails to Muster Buying Pressure, Tests $0.2170 Support
The downtrend from yesterday continued to pull the prices down early today. The Polygon price dropped to $0.2215 within the first hour of trading. Polygon initiated a reversal, inciting bullish hopes, but could only rise to $0.2245. A sharp downturn followed this momentary rise, as Polygon fell to $0.2170. With the coin oversold, a reversal was imminent. The reversal kicked off with the 2:50 golden cross and made its way up to $0.2218.
However, the lack of voluminous buying pressure led Polygon down. A downtrend ensued, leading the Polygon price to $0.2190. A trading range formed as some consolidation was seen around the $0.2200 area. At 7:00 UTC, a downtrend began, leading to a negative POL breakout as the price went on to test the support. Since then, Polygon has stabilized just above the support level, with further retesting expected.
Indicators Paint Bearish Picture, POL Price Could Abandon $0.2170 Support
As of the latest update, the Polygon price stands at $0.2178. The MACD has been flashing red, with the EMAs working in a bearish crossover for the majority of the morning so far. Also, historically, Polygon has failed to muster strong upward movements after sharp downfalls. This means that the bears are still very vigilant and are keen on cutting losses in case more downturns occur.
The RSI is also favorably close to the midline at 50, suggesting the absence of a potent trend. However, the resistance trend line has been falling since yesterday, which means that the POL price is poised to abandon the current support level and look for a new one. If that does happen, $0.2150 will be a key psychological support to look for.
Polygon (POL) Price Analysis for May 8, 2025
Polygon is showing renewed strength after a subdued start to the week. A clear shift in momentum has emerged, with the POL price gaining ground steadily over the past 12 hours. The token has pushed through key resistance levels, hinting at a potential trend reversal as buying pressure builds. The token started the trading session at a price of $0.2175 per POL. A slow uptrend ensued early, and the price saw a gain to $0.2198 by 2:00 UTC. At the same time, a bearish divergence was seen on the MACD indicator, and the price fell to $0.2158 by 03:15 UTC.
POL/USDT, M-5 chart, analyzed by raodevansh18, published on TradingView, May 8,2025
A series of potent golden crosses and death crosses appeared on the MACD until 9:00 UTC. Fluctuations occurred, but a modest upward channel was seen. The price went up to $0.2215 by 08:45 UTC. A wider death cross formed at the same point, leading the Polygon price to retrace to $0.2188 by 10:55 UTC. A short range-bound phase was seen, but the bearish pressure led the price down to $0.2177 soon. Heavy fluctuations were seen on the price chart, corroborated by the rapid convergences and divergences on the MACD indicator. However, the price slumped to $0.2150 by 16:35 UTC.
The price tried to climb, with the RSI also nearing oversold levels. But, the ascent met a strong cap at $0.2184. Polygon returned to the support at $0.2150 with a brief death cross. The price spiked up to $0.2201 again, but soon returned to the support level, confirming strong bearish pressure. The resistance dropped further as a trading range formed. However, around 21:00 UTC, the bullish pressure started mounting. A golden ross formed at the same time, and the following uptrend led to a bullish POL breakout as the price rose to $0.2195. Another trading range ensued, going into the midnight. At 00:00 UTC, the price stood at $0.2183.
Polygon Price Climbs Steadily, Key Resistances Broken
A downward POL breakout followed in the first hour of trading today. However, this breakout was a false one, as a golden cross formed at 1:00 UTC and a bullish uptrend was set off. The price started climbing rapidly. It went to $0.2206 at first, stabilizing at that level. Soon, the buying pressure pushed the price further up, leading to a stable uptrend to $0.2278 by 5:00 UTC. The RSI also forayed into the overbought region elaborately.
A potent bearish reversal was expected. But, the death cross at 5:10 UTC could only validate a meagre downtrend to $0.2260. At 7:30 UTC, another golden cross formed, and the price went up to $0.2300 by 8:40 UTC. Although the initial advance was rejected, the price retraced slightly and continued to move up to $0.2320. This resistance break finally faced a turnaround at 10:30 UTC. As of the latest update, the POL token stands at $0.2296.
More Upturns for Polygon Probable if $0.2280 Support Holds
As of now, the Polygon price is on its way down after spending a fantastic morning today. The price is facing a correction and may soon form a bottom near the previous resistance level at $0.2300. If this support holds, the bulls will continue to push the price further in the coming hours. However, if the correction is prolonged, the $0.2280 level will be crucial. Any POL breakout below this level may lead to the bears regaining control and further downside coming quickly.
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