It’s been a while since the Polygon price made it onto the list of top crypto gainers. But with today’s strong 7% move, POL is suddenly back in the spotlight. The pump has sparked fresh interest, and analyst World of Charts has shared a new short-term outlook that points to more upside ahead.
According to his post, POL has just broken out of a bullish flag pattern, a setup that often appears after a price rally and signals the continuation of an uptrend. In this case, the breakout happened right around $0.22, and the analyst believes it could lead to a big move up to $0.50 in the coming weeks.
His chart shows a clean structure with a measured move that targets at least $0.41. That would already be close to an 80% rally from the breakout level. But the tweet goes further, which means that $0.50 is a potentially realistic target if momentum holds.
Looking at the chart more closely, POL spent months moving inside a downward channel. This kind of setup, often called a falling wedge or descending channel, reflects a market that’s under pressure but slowly building toward a breakout.
That downtrend was finally broken in April, when the price popped above the top of the channel. After that, POL moved sideways and formed a smaller downward-sloping flag pattern. These flags are typically bullish because they represent a short pause in an uptrend before another leg higher. Today’s breakout confirms that buyers are back in control, at least for now.
Still, we need to stay realistic. From the current price around $0.23, hitting $0.50 would mean more than doubling in value. That kind of move usually needs strong market-wide momentum. Right now, the broader crypto market is mixed, and we’re heading into July, which is often a slower month for trading.
Many traders take time off, volume dips, and prices tend to move sideways unless there’s a major news catalyst. So even though the Polygon chart setup looks clean and technically solid, reaching $0.50 may take more than just a pattern breakout – it would likely require fresh narratives, strong altcoin flows, or a wider market push.
That said, Polygon is a well-known project with a solid ecosystem. If crypto sentiment turns bullish again, POL could be one of the tokens that benefits early. For now, though, the $0.30 zone will be a key test.
It acted as resistance earlier this year and could slow down the move before any bigger targets are in play.
In short, today’s breakout is a positive sign. It shows that the downtrend is over and that buyers are stepping back in. Whether it leads to $0.50 or not depends on what the market does next. But for the first time in a while, POL is showing real momentum – and that’s something traders haven’t seen in months.
Read also: Ripple (XRP) vs Hedera (HBAR): Which Has More Upside Potential This Bull Run?
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