On February 25, it was reported that Polygon’s price has fallen sharply by over 50% from its January 2026 high, reaching a yearly low of $0.088 on February 11. The overall market correction and multiple support levels being broken are closely related. Currently, POL is consolidating between $0.100 and $0.115.
According to DeFiLlama data, the total supply of stablecoins on the Polygon network has surged from $2.4 billion in early February to $3.26 billion, while weekly revenue from DeFi applications on the network has increased by nearly 70%. The rise in activity and liquidity not only indicates improved network health but may also attract more institutional capital into the market.
Additionally, Polygon recently burned over 100 million POL tokens, permanently removing them from circulation to enhance token scarcity and support short-term bullish momentum. The daily chart shows that POL’s price may confirm a golden cross between the 50-day and 100-day moving averages, a technical signal that often indicates a potential upward trend.
Key resistance levels are at $0.122, an important pivot point according to Murrey Math lines. If bulls break through this level, they could target the January high of $0.184, representing an increase of about 64% from the current price. Conversely, if the $0.097 support level cannot hold, POL may fall back to the yearly low of $0.088.
Analysts note that Polygon’s rebound still depends on stablecoin activity, application revenue growth, and overall market sentiment. As on-chain data continues to improve, coupled with potential institutional inflows and token burn strategies, Polygon may have the opportunity to regain upward momentum in the short term.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Grayscale says 5 altcoins are at the "buy" price levels
Grayscale Investments emphasizes the potential of Sui (SUI), highlighting its programming model as suitable for organizational deployment. They see current altcoin prices, including SUI, as attractive for accumulation, signaling possible recovery as institutional demand rises.
TapChiBitcoin1h ago
ADA Price Weakens Under Resistance While Large Wallets Accumulate
Key Insights:
Cardano trades below all major moving averages, reinforcing bearish pressure while price struggles to reclaim even short-term resistance levels across multiple timeframes.
Whale wallets holding large ADA balances have steadily accumulated since February, reaching their
CryptoNewsLand8h ago
Dogecoin Holds Near $0.09 as April Pattern Shapes Outlook
Key Insights
Dogecoin maintains stability above the $0.09 support, with buyers defending the level despite consistent selling pressure that limits strong upward momentum in early April trading sessions.
April performance remains historically mixed, with past rallies and declines shaping
CryptoNewsLand9h ago
SHIB Holds Weak Range as Burn Rate Drops and Pressure Builds
Key Insights
SHIB remains within a long-standing descending channel, with price stuck in the lower range and unable to break persistent resistance levels.
The burn rate dropped sharply, removing a short-term support factor and reducing retail-driven momentum seen earlier during increased
CryptoNewsLand9h ago
Bitcoin tends to outperform gold and stocks after global shocks, Mercado Bitcoin finds
According to a study from Mercado Bitcoin, Bitcoin outperformed gold and the S&P 500 in the aftermath of major global crises, displaying stronger returns during economic shocks. Despite its volatility, it has shown resilience and growth during turbulent times.
CoinDesk9h ago
BTC Consolidates At $67,105 As Renewed Whale Accumulation Sparks Bitcoin Breakout Hopes
Bitcoin (BTC) is attracting serious attention from big investors, according to a market observation disclosed today by analyst Ali Martinez. The analyst shared data on X, revealing that whales have accumulated a total of 10,000 BTC over the past 72 hours, a clear signal that high-net-worth investors
BlockChainReporter9h ago
