- POL broke key resistance, surging to $0.219 with analysts eyeing $0.35–$0.36 targets with strong bullish formations.
- RSI at 63.05 and MACD crossover support extended rally, though nearing overbought territory may trigger caution.
- Polygon’s rising RWA and stablecoin metrics boost POL’s fundamentals, supporting long term ecosystem strength.
POL has gained 11.05% in the past 24 hours, pushing its price to $0.219 at press time. The surge follows strong bullish activity, with the asset climbing from an opening value of $0.202. This is the token’s highest price since early April.
Volume has also risen to 5.84K, supporting the broader upward trend. Analysts have reported technical formations aligning with potential extended rallies. Multiple sources have noted key breakouts and trend confirmations, all within the current trading outlook.
Upward Momentum Confirmed by Analysts
According to ZAYK, POL is trading inside a descending channel and is now approaching its upper resistance. The current level is near $0.2076, while ZAYK sets a target at $0.36. This offers a potential upside of over 70.79% from the current level.
Clifton Fx also reported a confirmed breakout above a major trend line on the daily timeframe, indicating an expected continuation of the bullish trend. World of Charts identified POL’s recovery above an ascending trendline.
The price now tests a horizontal zone, which if cleared, could lead toward $0.35. This suggests increased attention on critical resistance points in the near term. Each analyst notes different confirmation levels, yet they point to consistent upside projections.
RSI and MACD Indicators
The RSI is at 63.05, up from previous oversold levels. The signal line at 44.03 is far behind, suggesting continued strength. However, with RSI approaching 70, the market may start monitoring for signs of a potential cooldown.
The MACD also supports the current bullish sentiment. The MACD line now is at 0.005, above the signal line at -0.003. A bullish crossover has formed, and the histogram has risen to 0.008. This pattern supports the trend continuation seen across multiple timeframes.
Polygon’s Role in RWAs
One of the key underlying components behind POL’s movement is Polygon’s involvement in real world assets (RWAs). As of April 11, 2025, Polygon ranks second in total RWA asset count, with 251 assets, behind only Ethereum.
Polygon holds a 2.7% share of the RWA market, with a value of $277.63 million. Over the last 30 days, the RWA value increased by 1.96%, while the number of holders surged by 0.08%. In addition, Polygon’s stablecoin market cap rose 3.79%, totaling $638.34 million.
The number of stablecoin holders also increased by 6.44%, reaching 1.61 million. This performance underlines the network’s consistent participation in tokenized assets, providing the ecosystem behind POL with added relevance.
