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
XRP Price Outlook: Can it Break $3 by the End of 2026? Analysts Provide Bullish and Bearish Predictions
XRP is currently priced between $1.41 and $1.46, up about 4% in the past 24 hours but still below its all-time high. Analysts predict that if the market stabilizes, XRP could rebound to $3, while it might drop to $0.65 otherwise. Regulatory factors and the expansion of real-world applications will also influence its long-term trend. Investors should pay attention to market risks.
GateNews8m ago
Bitcoin options worth $2.2 billion are expiring today, putting short-term pressure on BTC's movement around the $70,000 mark
Bitcoin price dips briefly near $70,000 as the market watches the upcoming $2.22 billion options expiration. Analysis shows more put options than call options, increasing short-term volatility risk. Geopolitical conflicts also add to market pressure, and investors should pay attention to key support and resistance levels.
GateNews18m ago
Short-selling firm Culper Research warns of Ethereum's "Death Spiral": Deterioration of ETH economic model may impact corporate holdings
Culper Research released a report stating that the Ethereum network may fall into a "death spiral" as scalability improvements reduce transaction fee revenue, threatening the token economic model and potentially negatively impacting network security. The report also points out that companies holding large amounts of ETH face valuation risks, while Ethereum co-founder Vitalik Buterin selling ETH has further dampened market sentiment.
GateNews28m ago
Netizens want to bet on the "Iranian Rial": it has fallen 90% and will definitely rebound! Is this kind of war gamble worth buying?
The Iranian rial has plummeted over 96% in two months, hitting a record low. If a nuclear agreement is reached with the United States, the rial may have room for a rebound, but purchasing options are difficult and risky. Investors should be aware of U.S. sanctions risks and potential impacts of Iran's currency reforms on exchange rates. Many people are exchanging rial through cryptocurrencies, but caution is advised.
動區BlockTempo32m ago
PIPPIN Tumbles 37% Amid Massive Capital Flight — What’s Next?
PIPPIN dropped 37% as $43M Open Interest exited, signaling heavy liquidations.
Trading volume spiked, driven mostly by aggressive sell orders rather than accumulation.
Technical structure turned bearish, with lower highs, lower lows, and $0.185 as key support.
Pippin — PIPPIN, shocked tr
CryptoNewsLand56m ago
