Polygon POL token is drawing investors' attention with a sharp 13% increase as the MATIC migration nears completion. This article examines the reasons and implications of this growth.
Token Price Growth
The price of Polygon POL token has surged by 13%, reaching around $0.2750. Traders are watching for a potential breakout from a long-term resistance zone.
Fundamental Support for Growth
The Total Value Locked in Polygon has increased by 43% since the beginning of 2025, now standing at $1.23 billion. DeFi activity has significantly contributed to this growth, with protocols like QuickSwap attracting consistent inflows.
Stablecoin transactions on the platform have also expanded, processing $2.56 billion in July alone. During this period, the network recorded over 3.16 million active USDC addresses.
Technical Factors Indicating a Breakout
On the daily chart, POL has been consolidating below a resistance zone that has previously rejected price advances. The recent surge has brought the price back to this level, showing stronger buying interest.
Trading volume is increasing, indicating a growing interest among traders. If a breakout occurs, the price could rise by 80–100% into the $0.45–$0.55 range.
The price of the Polygon POL token shows significant growth and strengthening positions due to active migration processes and sustained interests in DeFi. The platform's expanding use and recent upgrades contribute to its ecosystem's further development.
