Polygon price is kicking off September with some positive momentum. Right now, the token is trading at $0.2775, up about 1% on the day, while trading volume has climbed more than 40%.
After spending most of August consolidating, POL has started to move higher again, supported by strong network growth and the near-complete migration from MATIC to POL. The big question is whether this fresh push can carry through the month.
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What the Polygon Chart Is Showing
On the 4H chart, POL price has been grinding higher from its August lows around $0.19. That recovery peaked just shy of $0.30 last week, when price tapped resistance and then eased back a little.
For now, POL is consolidating just below that $0.29–$0.30 zone, which is clearly the level bulls need to break.
Support is sitting close by around $0.26–$0.27. As long as buyers hold that floor, there’s a decent chance of another breakout attempt above $0.30.
If that breakout happens, price could run toward $0.32 and possibly higher. On the flip side, slipping under support would drag POL price back to $0.24, with deeper risk near $0.22 if sellers press.
The bigger picture still looks constructive. Higher lows have been forming since mid-August, which shows the trend is leaning bullish in the short term.
Market Indicators
Volume tells the story here. With activity up by 40%, traders are stepping back in as POL approaches key resistance.
Open interest is climbing too, showing more action in derivatives markets.
Net longs are not at peak levels yet, which suggests traders are still cautious, while shorts have ticked higher.
That can actually work in bulls’ favor, if POL price breaks above $0.30, some of those short positions could get squeezed and fuel extra upside.
On-chain data is a bit of a mixed bag. Polygon’s TVL surged to $1.23 billion in August, up 43% since the start of the year, with DeFi protocols like QuickSwap and Polymarket leading inflows.
Tether also added USDT and XAUt (gold-backed tokens) to Polygon, strengthening liquidity.
But retail engagement hasn’t fully matched that growth, with weekly active addresses slipping to about 2.2 million.
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Polygon Price Short-Term Outlook for September
Heading into September, the focus is simple: can POL break through the $0.30 barrier? If it does, momentum could carry it toward $0.32–$0.34 fairly quickly. If not, we’re likely to see more rangebound action between $0.26 and $0.30.
Beyond price, adoption milestones are important. Almost 97% of MATIC holders have now migrated to POL, which takes away selling pressure from the old token and solidifies POL’s role in the Polygon 2.0 roadmap. Upcoming developments like AggLayer v0.2 and Polygon’s AI tools could also be catalysts if adoption picks up in Q3.
All in all, POL price looks cautiously bullish for September. The chart is showing strength, volume is rising, and the MATIC-to-POL transition has cleared a big obstacle. Now it comes down to whether network activity can keep pace and give POL the extra push it needs to hold this rally.
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