Polygon is starting the new week with strong on-chain momentum even as its price consolidates near recent lows.
Several well-followed analysts are pointing to steady growth in new users and wallet activity as a sign that the network’s fundamentals remain bullish, even if the token is still searching for a near-term bottom.
What you'll learn 👉
What’s Happening With Polygon
The broader crypto market has been choppy, and Polygon has not been immune. After hitting highs close to $0.30 in early September, POL price slid to the $0.22 range. At the same time, network adoption is quietly surging.
As Lennaert Snyder noted on X, “$POL is close to flipping Base in daily active addresses (new wallets). The fact that it concerns new wallets clearly shows Polygon is attracting new users.”
$POL is close to flipping Base in daily active addresses (new wallets). 👀
— Lennaert Snyder (@LennaertSnyder) September 27, 2025
The fact that it concerns new wallets clearly shows @0xPolygon is attracting new users.
More people are switching to Polygon and the metrics are confirming it. pic.twitter.com/ZvpZn2tMwe
Other commentators agree. Nofuturistic.eth highlighted that Polygon is now “one of the five main cryptocurrencies being made available to European investors,” calling the adoption for payments, real-world assets, and stablecoins “astonishing to watch.”
And Blackbeard underscored the scale of growth, pointing out that “$POL addresses have skyrocketed past 520 million and counting,” proof of real network effect across DeFi, gaming, and tokenized assets.
Polygon is thriving.
— Blackbeard (@blackbeardXBT) September 28, 2025
The growth is undeniable, $POL addresses have skyrocketed past 520M and counting.
From DeFi to gaming to RWAs, @0xPolygon PoS continues to dominate as one of the most active ecosystems in crypto.
This is real network effect in action. pic.twitter.com/PbdBkN4ZHf
All of this suggests that even as the price cools, Polygon’s user base and ecosystem are expanding rapidly.
Read Also: Here’s Why Plasma (XPL) Price Has Been Pumping Lately
What the POL Chart Is Showing
The 4-hour POL chart shows a clear downtrend from the September peak near $0.296. After a series of lower highs and lower lows, the pair is now hovering around $0.22, just above support near $0.21.
RSI readings on multiple settings (6,12,24) are clustered around the mid-50s after a brief bounce, signaling that momentum is neutral to slightly bullish.
Earlier oversold signals near the recent bottom helped spark a short recovery from $0.21 to $0.24, but the market has yet to reclaim the mid-August range around $0.28–$0.29 that would signal a broader trend change.
Polygon price action shows that each attempt to break above $0.25 has been met with selling pressure, making that a near-term resistance to watch. On the downside, $0.21 remains the key demand zone. A clean break below could expose the August low near $0.20.
Market Indicators
Open interest is stable around $90 million, showing no sign of aggressive new shorting or long liquidation.
Net long positions remain under pressure but are no longer making new lows, hinting that sellers may be losing momentum. Net shorts, meanwhile, are elevated but flat, suggesting that bearish conviction is not increasing.
RSI levels near 60 on the shorter settings indicate mild buying interest after the recent sell-off. If price can stay above the $0.22–$0.23 band and push through $0.25, momentum indicators could flip into stronger bullish territory.
POL Price Short-Term Outlook for the Week
Polygon’s fundamentals are strengthening fast, but the chart still shows the need for confirmation. Holding $0.21–$0.22 is critical.
If buyers can defend that area and break $0.25, a push back toward $0.28 becomes possible, which would put the Polygon price back inside its late-August trading range.
If the lower boundary fails, a retest of $0.20 could follow before any new uptrend begins. Traders will be watching for a sustained pickup in volume and an RSI break above 65 to signal that a stronger rebound is underway.
With wallet growth outpacing rivals and European investor access expanding, Polygon continues to build real adoption even while POL price consolidates. If those fundamentals keep drawing capital into the ecosystem, the technical breakout may just be a matter of time.
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