Polygon is heating up in a big way. POL price jumped nearly 13% today, now trading around $0.2750, and the momentum has been building all week.
On the daily chart, POL is knocking on the door of a resistance zone that’s been holding it back for months.
With volume starting to climb and sentiment turning bullish, traders are getting ready for what could be a major breakout.
Why POL Price Is Pumping
This move isn’t just about technicals, the fundamentals are strong too. Polygon’s Total Value Locked (TVL) has jumped 43% since the start of the year, now sitting at $1.23 billion.
DeFi protocols like QuickSwap are pulling in fresh inflows, and stablecoin usage is hitting new highs.
In July alone, the network had $2.56 billion worth of stablecoin payments processed, and USDC active addresses exceeded 3.16 million. That kind of adoption is a clear reflection of real-world demand.
Polygon supplies more than half of all non-USD stablecoins, with a lifetime FX transfer volume of $3.2B+
— Polygon (@0xPolygon) August 29, 2025
A strong indicator onchain payments are finding real product–market fit in developing economies, at global scale. pic.twitter.com/ZKIkUSOKfA
Upgrades are also fueling the excitement. The Heimdall v2 upgrade cut finality to just five seconds, making Polygon faster and more efficient.
At the same time, the MATIC→POL migration is almost complete, with more than 97% already done. This shift is bringing Polygon closer to its vision of unifying the ecosystem under one token.
99.18% of the MATIC ➪ POL technical upgrade is now complete https://t.co/nSEHrZMk4b pic.twitter.com/InExOFbe7H
— Polygon (@0xPolygon) August 29, 2025
There has been some profit-taking along the way, with around $263K in spot selling and a $9.88M drop in derivatives open interest.
But with Polygon co-founder Sandeep Nailwal’s AMA scheduled this week, the community is expecting fresh updates that could easily keep momentum rolling.
Read Also: XRP Short-Term Price Forecast for The Week
Polygon Chart Analysis: A Breakout in the Making
The chart is showing a clear story. For months, POL price has been stuck below a strong resistance zone, with every attempt to break through ending in a rejection.
Now, things look different. Price is consolidating right under resistance, volume is building, and momentum is tilting upward.
If POL flips this resistance into support, the setup suggests an 80–100% move higher, which would send price into the $0.45–$0.55 range. Support down near $0.23 remains solid, meaning even if there’s a dip, the broader bullish structure stays intact.
Finally, Polygon POL token looks like it’s standing right at the edge of something big. With adoption growing, upgrades improving speed and scalability, and the migration from MATIC almost wrapped up, the fundamentals and the chart are finally lining up.
If the current resistance breaks, traders could see POL price double in value in the weeks ahead. For now, the $0.27–$0.28 zone is the one to watch, because if bulls push through, the next big rally for Polygon may already be underway.
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