The post POL Price Breakout, Can Bulls Push Past $0.26 Resistance? appeared first on Coinpedia Fintech News
Polygon’s native token POL has delivered an impressive rally, surging 50% in recent days from $0.16 to around $0.25. The move comes as traders react to strengthening fundamentals, including robust DeFi inflows and renewed technical momentum. With the token up 3.43% in the last 24 hours and 6.54% over the past week, market participants are asking whether this breakout can extend toward the next resistance zone. If you, too, have a similar query, then this analysis is a must-read for you.
Why is POL’s Price Up Today?
On the catalysts front, Polygon’s DeFi TVL shot up 7% in 30 days to $1.23 billion, driven by QuickSwap (+13.4%) and Polymarket (+30.2%). Net inflows of $123 million show capital rotating into Polygon-based applications, directly increasing POL’s utility demand as a gas token. This strength helped POL outperform sector peers, which averaged just 4.5% gains over the same period.
Leadership clarity also played a role, though with mixed timing. In an August 8 AMA, Polygon CEO Sandeep Nailwal highlighted plans to scale PoS to 5,000 TPS by September/October and expand AggLayer adoption. While these roadmaps reinforce long-term confidence, the token’s recent move appears more closely tied to technical triggers and DeFi growth than delayed AMA impact.
POL Price Analysis
At $0.2533, POL price has broken above its 7-day SMA at $0.2456 and the Fibonacci 23.6% retracement $0.2464, levels that had capped price action in early August. The MACD histogram flipped positive at +0.00167, and the RSI at 67.4 still suggests room before overbought territory.
Successively, the next upside target is the August 14 swing high at $0.2636, roughly a 3.8% gain from current levels. A stronger push could aim for $0.2824, where prior supply zones align. However, a daily close below $0.245 would invalidate the bullish breakout and expose downside risk toward $0.242 or lower.
That being said, with the market cap at $2.65 billion and 24-hour trading volume at $455 million, liquidity remains strong. Sustained TVL growth above $1.3 billion could further validate bullish momentum.
FAQs
The next key resistance sits at $0.2636, the August 14 swing high.
A daily close below $0.245 would weaken the bullish case.
A $123M DeFi inflow into Polygon applications has boosted POL’s utility.
