Polygon price flipped a crucial resistance level as non-fungible token sales, stablecoin supply, and active addresses in the network jumped. 🎉 Like a toddler finally getting a snack after a meltdown, this is the moment we’ve all been waiting for. 🍬
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The daily timeframe chart shows that the POL price bottomed at $0.1655 in June and has been rising since then. It has flipped the important resistance level at $0.2620, the highest swing on July 22. It then retested the crucial $0.2796, the neckline of the double-bottom at $0.1655. Because nothing says “bull market” like a price that’s basically a rollercoaster. 🎢
Polygon price also flipped the 200-day Exponential Moving Average into support. Therefore, the most likely scenario is where it continues rising as bulls target the 38.2% Fibonacci Retracement level at $0.3850, up by 46% from the current level. Because nothing says “this is the top” like a 46% rise from the current level. 📈
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2025-08-31 13:27