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- POL has reclaimed $0.15 after a strong rebound from sub-$0.10 levels.
- Accumulation and volume data suggest buyers are absorbing sell pressure.
- Bitcoin’s weak demand could still cap broader market upside.
Polygon’s POL token is staging one of its strongest short-term rallies in months, even as Bitcoin shows signs of fading momentum. The contrast highlights a market where selective altcoins are outperforming, driven by project-specific catalysts rather than broad risk-on sentiment.
After briefly slipping below the $0.10 mark last week, POL rebounded decisively and hasn’t looked back. Buyers defended that level aggressively, setting the stage for a steady climb that has now erased all of December’s losses.
POL Rally Gains Strength Above Key Levels
POL climbed to around $0.15, a price not seen since November, marking nine straight days of higher highs. Daily gains pushed the token up more than 18%, supported by a sharp rise in activity. Trading volume nearly doubled, while market capitalization expanded at a similar pace — a sign that fresh capital is flowing in rather than just short-term speculation.
Order flow data shows a competitive market, with sellers remaining active. Still, buyers have consistently absorbed sell pressure. Buy volume has stayed marginally ahead of sell volume, keeping the buy-sell delta positive and confirming that demand remains in control.
Accumulation Signals Underpin the Move
On-chain and volume-based indicators point to accumulation rather than distribution. The accumulation and distribution line has been trending higher, suggesting that dips are being bought and supply is being quietly absorbed. Historically, this type of structure tends to favor continuation, provided broader market conditions don’t deteriorate sharply.
Momentum indicators also reflect strong bullish pressure. The Relative Strength Index has climbed into the high 70s, signaling heavy buying interest, though it also places POL near overbought territory. Trend and momentum readings remain constructive, implying the rally still has room to extend — but not without risk.
Polygon’s “Open Money Stack” Adds Fundamental Tailwind
Beyond price action, Polygon’s leadership has outlined a broader strategic vision that could strengthen long-term confidence. The newly introduced “Open Money Stack” aims to create an integrated on-chain financial infrastructure, combining stablecoin payments, blockchain rails, wallets, identity, and earning tools into a single system.
The goal is to make Polygon a reliable backbone for institutions and enterprises moving money on-chain at scale. While this vision won’t move prices overnight, it adds a narrative that helps explain why buyers are showing conviction during this rally.
Despite POL’s strength, the wider market remains cautious. Bitcoin recently dipped below $90,000, triggering heavy liquidations and reflecting fragile sentiment. ETF outflows and weak on-chain demand suggest that Bitcoin lacks strong follow-through buying for now.
This backdrop matters for POL. If Bitcoin stabilizes, POL could challenge resistance near $0.16 and potentially $0.18. However, a renewed BTC sell-off could drag the broader market lower, pulling POL back toward the $0.12 zone.
Polygon’s recent rally stands out in a market defined by hesitation. Strong technicals, visible accumulation, and a clear strategic narrative have put POL back on traders’ radars. Still, with Bitcoin flashing warning signs, the sustainability of this move may depend as much on macro crypto sentiment as on Polygon’s own momentum.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
