Polygon (POL) is Pumping – Is This Your Last Chance to Buy Low?

Key Takeaways

Polygon (POL) reached its long-term bottom in April 2025.
The POL price faces significant resistance at $0.37.
Has Polygon finally started its bullish trend reversal?

Polygon’s POL token has taken a beating this cycle, shedding 95% from its all-time high and forming a series of lower lows along the way.

However, recent price action suggests the tide may finally be shifting.

Is this the start of a sustained recovery, or just another short-term bounce? Let’s break down the chart and see what comes next.

POL Price Analysis

Polygon’s POL token has dropped a 95% from its December 2021 all-time high of $2.92.

While the decline wasn’t in a straight line, with a sharp bounce to $1.56 in mid-2022, that short-lived rally ultimately gave way to a deeper selloff.

The downtrend accelerated after a breakdown from a long-term symmetrical triangle in June 2024, confirmed by a bearish retest in December.

That led to a decisive move below the $0.37 horizontal support, pushing POL to a four-year low of $0.151 in April 2025.

But that may have been the bottom.

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Recent price action suggests the tide could be turning.

The bounce from the April low completed a W-X-Y corrective structure, with waves W and Y nearly equal in length.

POL Weekly Movement — POL/USDT Weekly Chart | Credit: Valdrin Tahiri/TradingView

Momentum indicators back this potential reversal.

Both the Relative Strength Index (RSI) and the MACD have formed bullish divergences.

Such divergences often lead to long-term bullish trend reversals and become even more accurate when combined with the wave count.

For now, the outlook suggests that Polygon may be gearing up for a long-awaited comeback, but it needs to clear resistance to prove it.

Polygon’s Bullish Trend

The shorter-term daily chart is even more bullish than the weekly one.

It shows that Polygon completed a five-wave upward movement (green) and the ensuing A-B-C correction (red).

In June, Polygon started another, larger five-wave increase and is now in wave three, which is usually the most rapid portion of the ascent.

POL Short-Term — POL/USDT Daily Chart | Credit: Valdrin Tahiri/TradingView

The first potential target for the top of wave three is $0.35, which gives it 1.61 times the length of wave one.

This target will also take the POL price to the previously outlined long-term resistance area.

Then, the fifth and final wave could cause a Polygon breakout.

Signs of Reversal

Polygon’s reversal from long-term lows and bullish momentum ends the multi-year POL decline.

With bullish divergences in momentum indicators and a positive wave count, Polygon is likely to retest the $0.37 resistance again.

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Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

[email protected]

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