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
Samson Mow Objects to Michael Saylor's Bitcoin Insufficiency Post - U.Today
The debate over Bitcoin's supply scarcity is highlighted by Michael Saylor's claim that there isn't enough Bitcoin for everyone, which Samson Mow counters with calculations showing each person could receive around 259,259 satoshis if distributed globally. Mow's argument underscores the reality that large entities hold significant portions of Bitcoin, emphasizing its scarcity and potential value.
UToday13m ago
Trump Tariff Refund Comes to Billions, What's For the Crypto Market?
Tariff refunds of $168-$182 billion are anticipated following Trump's imposed tariffs, which may rise from 10% to 15%. Concurrently, the crypto market faces volatility, influenced by geopolitical tensions and recent price retracements.
TheNewsCrypto38m ago
Dogecoin Price Pressures Mount as $0.08 Support Nears Break
Dogecoin is experiencing sustained bearish momentum, with price action forming lower highs and lows, especially around the critical $0.08 support level. A breach below this level may lead to increased selling pressure, while a recovery could trigger short-term relief. Current trading shows weak buying efforts and a lack of bullish momentum.
CryptoFrontNews1h ago
Aster Price Nears $0.79 Breakout as Reversal Pattern Strengthens
Key Insights
Aster price structure shows an inverse head and shoulders pattern forming beneath $0.79 resistance, signaling growing buying pressure and possible trend reversal ahead.
Repeated tests of the $0.79 neckline suggest weakening selling pressure as buyers steadily absorb supply near r
CryptoFrontNews1h ago
