Expert Predicts Polygon (POL) Price Could Be Set for 2x Rally If It Breaks This Key Resistance
Expert Predicts Polygon (POL) Price Could Be Set for 2x Rally If It Breaks This Key Resistance
Polygon price is back on traders’ radar after breaking out of a long downtrend and pushing toward a key resistance level at $0.65. After months of sideways action, the price is finally showing signs of life, and it hasn’t gone unnoticed.
Expert analyst Crypto Rand pointed it out on X, calling attention to what he sees as a bullish reversal in the making.
Looking at the POL daily chart, the token has broken above a descending trendline that’s been in place since March 2024.
For a while, POL price had been stuck trading between $0.48 and $0.65, an accumulation zone where price kept bouncing between support and resistance. Now, the setup looks different.
That $0.48 to $0.50 zone has proven to be a solid support level, holding strong for several months. Buyers have consistently stepped in there, building a base that often leads to trend shifts if momentum picks up. With the price now testing $0.65 again, all eyes are on whether this breakout can gain real traction.
POL Price Key Resistance Level
The next resistance sits at $0.65. This level has been tested several times without a confirmed breakout. A close above this range would reverse the momentum and prepare the ground for a move to $0.85.
Furthermore, a stronger rally could even go up to $1.10, a level which had served as structural resistance on higher timeframes before.
Polygon price is sustained above both the downtrend line and a horizontal resistance level at $0.60. These technical pointers along with higher lows on the chart indicate that market structure may be improving. Traders are now waiting to see if volume will support a breakout through $0.65.
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Analyst Sees Reversal Potential For Polygon
Crypto Rand commented on the setup, stating that POL price looks “absolutely ready to smash the next targets.” The tweet pointed to the accumulation phase and suggested a bullish reversal may be underway.
Rand also noted Polygon’s speed and its potential role in stablecoin infrastructure as part of the broader Polygon 2.0 upgrade.
The tweet has circulated among traders as POL price approaches resistance. The confluence of long-term accumulation and renewed narrative interest could increase attention on the $0.65 breakout level in the sessions ahead.
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