The native token of the Polygon ecosystem, POL, is currently a top performer among major cryptocurrencies. Its value has increased by over 5% in the last 24 hours, pushing its price above $0.23. This rally appears to be driven by a market-wide recovery, as other major cryptocurrencies like Bitcoin and Ethereum are also showing positive gains.
Although POL has slipped to the 41st position in market capitalization, technical indicators suggest a bullish outlook. The 4-hour chart shows a bullish but “inefficient” trend, meaning a potential short-term dip to around $0.22 to collect liquidity before resuming its upward climb. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicate that buyers are in control.
If this momentum continues, analysts believe POL could target its July high of $0.265, with an even more ambitious goal of reaching $0.30 for the first time since March. However, a market correction could see the token retesting its support level at $0.2086.
August 2025, Cryptoniteuae
