Polygon (POL) Nears All-time Low — Time to Buy?

Polygon (POL) extended its recent weakness with a weekly decline of nearly 4%, including a sharper drop over the past 24 hours as cryptocurrency markets reacted to escalating geopolitical tensions between the United States and Iran. The decline has pushed POL into negative territory on a monthly basis, with losses exceeding 6% at the time of writing.

Following several weeks of gradual weakness, POL is now testing an important support area. This raises the question of whether buyers will step in to defend current levels or if broader market uncertainty could drive the token toward fresh lows.

Polygon (POL) technical analysis

POLUSD - 1 Day Time Frame

POL is currently trading around $0.088, sitting directly on top of a key support level that was last tested in mid-April 2026. This area has become increasingly important, as a sustained hold above it could help stabilize price action and provide a foundation for a potential recovery.

On the upside, the nearest obstacle remains the $0.094 S/R zone, which previously acted as support but has now turned into short-term resistance. The market has struggled to reclaim this level in recent sessions, suggesting that buyers may need stronger momentum before a meaningful recovery can develop.

A successful move above $0.094 could improve the technical outlook and potentially open the door toward the psychologically significant $0.100 level, which last acted as resistance in mid-May 2026. Beyond that, the next major resistance sits near $0.120, a level not seen since late February 2026.

However, if selling pressure persists, POL may continue trading within the current range or attempt another move lower. A breakdown below $0.088 would bring the April low near $0.082 into focus, an area that could serve as the next major support zone.

Polygon (POL) price target

For bullish momentum to strengthen, POL would likely need to reclaim the $0.094 resistance zone and establish it as support. If that occurs, the first upside objective could emerge near $0.100, followed by the broader resistance region around $0.120.

On the downside, failure to maintain the $0.088 support level could increase the likelihood of a retest of $0.082, which currently represents one of the most important support zones visible on the chart.

For now, POL remains at a critical technical level, with price trading directly above support while facing nearby resistance overhead. As with many cryptocurrencies, future price action may continue to be influenced by broader market sentiment, macroeconomic developments, and geopolitical events affecting risk assets globally.

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