Polygon price bull run accelerates as POL burn rate soars
WikiBit 2026-01-11 15:39
Polygon price continued its bull run, continuing a trend that started on January 1, as its transactions and burn rate soared. Summary Polygon price
POL price chart
The daily timeframe chart shows that the POL price has rebounded in the past few weeks, moving from a low of $0.098 on January 1 to a high of $0.18.
It has moved above the 38.2% Fibonacci Retracement level and the bottom of the trading range of the Murrey Math Lines tool. It remains above the 50-day and 100-day Exponential Moving Averages.
The Average Directional Index has remained above 50, a sign that the trend is strengthening. Therefore, the most likely scenario is where it continues rising as bulls target the key resistance level at $0.20, which is slightly above the major S/R pivot point of the Murrey Math Lines tool.
However, a drop below the key support level at $0.1500 will invalidate the bullish outlook.
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