Recently, the price of Polygon (POL) has started to show positive momentum after a period of instability. The current situation is of interest to investors analyzing the potential for further growth or possible pullbacks.
Current Price Situation
Currently, POL is trading around $0.276. Charts indicate a break of structure (BOS), which suggests an increase in buyer activity following a period of sideways movement.
Demand Zones and Trends
The demand zone between $0.25 and $0.26 is a key area where buyers have previously intervened. If the price returns to this zone, it could lead to a new rally. An ascending trendline has also been guiding the rally since July.
What’s Next for Polygon Prices
In the near future, the key point will be whether the area of $0.25–$0.26 is held. If it maintains, this sets the stage for potential moves toward $0.31–$0.32 in September. Conversely, a failure to hold could see a drop back to the $0.23–$0.24 range to test trendline support.
The current chart structure remains constructive, indicating the possibility of rising prices for Polygon. Investors should monitor key levels closely, as each fluctuation can impact the overall market dynamics.
