Polygon (POL) has the more mature technical characteristics of a Layer 2, with a mix of utility-backed stability interspersed with detours of deliberate speculation. Combined with its entrenched status in the Ethereum scaling ecosystem, POL price action tends to cluster around psychologically significant numbers, reflecting that the numbers were historical zones of accumulation. The token demonstrates measured responsiveness to network upgrades, typically forming recognizable chart patterns before major protocol developments. Volume analysis proves particularly relevant, as POL price tends to show authentic breakout potential when accompanied by sustained trading activity rather than isolated spikes. While maintaining some correlation with broader market movements, the token increasingly displays independent momentum during periods of heightened Ethereum network activity. Traders often find reliable technical signals by combining support/resistance analysis with monitoring of staking flow dynamics and ecosystem adoption metrics.
POL Price Analysis of August 7, 2025
POL showed a structured technical pattern on August 7, 2025, beginning with a range that established the daily low at $0.2218. A golden MACD crossover at 03:35 IST sparked an initial upside move, though momentum remained limited. The POL price continued to rise through two successive upward-moving channels, with the second marking the daily high at $0.2401. A downside breakout at 13:15 IST, triggered by a death MACD crossover, shifted momentum lower. However, a final golden crossover at 15:30 IST pushed POL back into a consolidation range, setting the stage for a decisive breakout toward either $0.2500 or $0.2250.
Chart 1: POL/USDT M5 Chart, Analysed by Vallijat007, published on TradingView, August 7, 2025
- The POL price formed a range, which marked the low for the day at $0.2218. The range broke out to the upside at 03:35 IST, supported by a golden crossover of MACD, price spiked to the upside, but the momentum was weak, and price formed another range.
- The range again broke out to the upside at 06:30 IST, supported by a golden crossover of MACD; price spiked to the upside and formed an upward-moving channel.
- The channel broke out to the upside at 10:50 IST, supported by a golden crossover, the POL price spiked to the upside, and formed another upward-moving channel. The channel marked the high for the day at $0.2401.
- The upward-moving channel broke out to the downside at 13:15 IST, supported by a death crossover of MACD; the POL price spiked to the downside and formed a downward-moving channel.
- The downward-moving channel broke out to the upside at 15:30 IST, supported by a golden crossover of MACD; price spiked to the upside and formed a range.
Future Scenario
If the range breaks out to the upside, then price may mark another high and move to the level of $0.2500. If the range breaks out to the downside, then the price may drop to the level of $0.2250. Traders and investors should be cautious before placing orders, as the crypto market is subject to high volatility.
POL Trades in Tight Technical Range as Breakout Setup Develops
The price behavior of POL was also technical and range-bound within the prices of $0.2218 and 0.2401 based on several multiple MACD crossovers and breakout patterns. The scenario of a tug-of-war of bulls and bears can be seen throughout the market with constant displays of upward channels and MACD reversals, with traders awaiting confirmation. The ongoing merge zone can serve as a launchpad: a successful breakout can drive the price to the mark of 0.2500, and a failed one will drive the price down to 0.2250. The reason why traders will be paying close attention to moments in which momentum is confirmed lies in the fact that POL is at a point of inflection. Up to that point, price is sitting in a wait-and-see area, but with the potential volatility being accumulated right below the resistance points.
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