POL Primed for $2 Breakout: Is This the Ultimate Dip-Buying Opportunity?

Crypto traders are circling—POL's consolidation phase may be ending with a vengeance.

After weeks of sideways action, the token shows textbook accumulation patterns. Now, technicals suggest a run toward that magic $2 target.

The Setup:

POL's price compression mirrors pre-pump formations seen in other altcoins. Whale wallets have been steadily loading up during the lull.

The Math:

Hit $2, and early buyers pocket a cool 40% from current levels. Miss the entry, and you're left explaining FOMO to your trading group.

The Catch:

Of course, this assumes the 'smart money' didn't already front-run retail—again. Because nothing screams decentralized finance like watching hedge funds play hot potato with your bags.

Watch the order books. If POL holds support here, the squeeze could be brutal for shorts.

POL Holds Above Support as Buyers Watch Key Zone

Polygon’s token, POL, is trading just above a key support area between $0.19 and $0.21. This range has acted as a base in recent months, with prices repeatedly bouncing from it. At the time of writing, POL was priced at $0.2177. The asset is down 5% in the past 24 hours and over 11% for the week.

Analyst crypto Patel shared that this zone remains an area of interest. A retest of this base may present a buying opportunity, provided the price stays above $0.15 on higher time frames. A close below that would break the current structure.

$POL Could 3x After Breakout: Are You Buying the Right Zone?

Polygon Price is consolidating above the accumulation zone ($0.19–$0.21) after multiple rejections off demand.

Now trading above this base, if price retests the zone, it could offer a high-probability entry.

Key… pic.twitter.com/UfDsaSYxml

— Crypto Patel (@CryptoPatel) July 30, 2025

The next level traders are watching is $0.28. A clean MOVE above that, followed by a retest, could confirm a trend shift. Patel’s chart points to this as the breakout trigger. If the asset clears that level, targets extend to $0.41, $0.52, $0.70, and potentially up to $1–$2.

From the current level, the move to $0.70 WOULD reflect a gain of over 270%. The broader setup follows an “accumulation to expansion” phase, a typical pattern where price builds a base before trending upward. The structure remains valid while the price stays above $0.15.

Mixed Sentiment Across Market Channels

Public sentiment around POL remains split. Market Prophit’s feed reports that the crowd remains bullish, while its internal model reflects a more cautious stance. This contrast signals a divide between trader expectations and modeled forecasts.

$POL Sentiment

CROWD = Bullish
MP = Bearish

Check out sentiment and other crypto stats at https://t.co/HQDyBNuzek pic.twitter.com/Na5bn7DNBs

— Market Prophit (@MarketProphit) July 30, 2025

Despite the recent drop, trading activity remains steady. Volume over the last 24 hours stood at $97.8 million. Traders are keeping a close eye on the $0.28 level to confirm the next direction.

Polygon zkEVM Faces Declining Activity

As CryptoPotato reported, Polygon’s zkEVM chain, originally developed from the Hermez acquisition in 2021, has seen a drop in both usage and development. Researcher Lorenz Lehmann says the chain has not adopted Ethereum’s Blob upgrade and is running at an annual loss of over $1 million.

Meanwhile, TVL peaked at $187 million in early 2024 but has now fallen below $20 million, based on L2Beat data. 

Leadership at Polygon has also changed. Sandeep Nailwal now leads the foundation as CEO, following the quiet exit of multiple co-founders over the past two years.