POL Price Approaches Trendline Resistance, Signaling Possible Breakout Potential

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POL Price Approaches Trendline Resistance, Signaling Possible Breakout Potential

POL price is consolidating near a key descending trendline at 0.120-0.122, showing reduced selling pressure and buyer defense in the 0.117 zone, which signals potential for a bullish breakout amid Layer-2 sector challenges.

• POL price has formed higher lows after rallying from the 0.117 demand zone, indicating strengthening short-term buyer control and reduced downside risk.
• Trading volume remains steady at around $72 million daily, supporting consolidation despite a 6.3% weekly decline in the broader Layer-2 market.
• As the second-largest Layer-2 token with a $1.26 billion market cap, POL holds strong positioning, trailing only MNT and drawing trader interest for potential trendline invalidation.

What Is POL Price Doing Near Key Resistance？

POL price is trading in a tight consolidation pattern just below a longstanding descending trendline on the two-hour chart, with buyers actively defending the 0.120-0.122 range after an intraday rally from the 0.117 demand zone. This setup reflects waning bearish momentum, as reduced selling pressure has led to higher lows and steady volume, positioning the asset for a potential breakout that could target 0.145 if confirmed. Despite sector-wide weakness, POLs resilience underscores its importance as a leading Layer-2 solution in the Polygon ecosystem.

How Does the Short-Term Structure Indicate Buyer Strength for POL Price？

The short-term price action for POL reveals a shift in control toward buyers, highlighted by an impulsive rally that swept liquidity at 0.1168-0.1170 before reversing sharply. This move not only established higher lows around 0.1200 but also confirmed acceptance above prior resistance levels, a classic sign of improving sentiment. Technical analysts, including insights from ZAYK Charts, point to this compression as a precursor to volatility, where a close above the trendline could trigger short covering and push toward higher targets. Supporting data from recent sessions shows daily volume holding firm at $72 million, even as the Layer-2 sector faces a 6.3% weekly dip, demonstrating sustained interest. Expert observations emphasize that such patterns often precede bullish waves in established tokens like POL, which boasts a market cap of $1.26 billion and ranks as the second-largest in its category behind MNT. This positioning, combined with Polygon‘s role in scalable blockchain solutions, adds to the asset’s appeal for long-term holders monitoring these developments.