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
Bitcoin meltdown to $10,000 remains likely unless prices reclaim $75,000, analyst says
A familiar voice is back with a familiar, and controversial, call on bitcoin BTC$66,860.50.
Mike McGlone, senior commodity strategist for Bloomberg Intelligence, is reiterating that bitcoin could crash to $10,000.
But this time, he's framed it with a very clear line in the sand: $75,000.
If bitco
CoinDesk32m ago
Arthur Hayes: Bitcoin’s long-term target price is $250k to $750k, and in the short term it could fall below $60k
Arthur Hayes said on a podcast that, because the Federal Reserve has not expanded liquidity, he will not put more money into Bitcoin. He expects his medium- to long-term target price to be between $250,000 and $750,000. He warned that if the Iran–U.S. conflict continues, Bitcoin could fall below $60,000 in the short term. Meanwhile, Charles Schwab will launch spot trading for Bitcoin and Ethereum. Research shows that after major shocks, Bitcoin has performed better than gold and the S&P 500, and its current price has rebounded to $67,300.
GateNews4h ago
The Crypto Fear and Greed Index rises to 13 today, and the market is still in an extreme fear state
Gate News message, April 6, according to Alternative.me data, today the Crypto Fear & Greed Index rose to 13, up 1 point from yesterday’s 12. Despite the index recovering, market sentiment is still in an “extreme fear” state.
GateNews4h ago
Michael Saylor dismisses Schiff's warning that 'MSTR will collapse,' citing 36% annual profits from Bitcoin
Michael Saylor, CEO of MicroStrategy, defends the company's Bitcoin strategy against investor Peter Schiff's warning about MSTR stock. Despite losses, Saylor emphasizes Bitcoin's superior performance compared to gold and the S&P 500 since 2020.
TapChiBitcoin5h ago
BTC 15-minute rise of 0.79%: Institutional pullback and structural fund outflows driving market fluctuations
2026-04-05 22:30 to 2026-04-05 22:45（UTC）, the BTC price fluctuated in the range of 67416.0 to 67986.7 USDT. Within 15 minutes, the return reached +0.79%, and the amplitude was 0.85%. The rapid change on the market quickly drew attention, with volatility increasing, but overall trading volume did not show extreme amplification, and sentiment was mainly cautious and volatile.
The main drivers behind this move are the continued withdrawal of institutional funds and large capital net outflows to outside trading platforms. On-chain data shows that in the past 24 hours, the whole-network BTC net outflow was -2,1
GateNews6h ago
Bitcoin tends to outperform gold and stocks after global shocks, Mercado Bitcoin finds
Bitcoin BTC$67,345.02 tends to outperform traditional safe haven assets like gold in the two months following major global crises, according to new analysis from Brazilian crypto exchange Mercado Bitcoin.
The study, led by Rony Szuster, head of research at the Latin American crypto platform,
CoinDesk8h ago
