POL Shatters Key Resistance as BUILDon and KuCoin Extend Massive Rallies

Crypto markets surge as Polygon's POL token breaks through critical resistance levels while BUILDon and KuCoin continue their explosive runs.

Technical Breakout Momentum

POL's decisive move above resistance signals potential for extended upward trajectory as buying pressure overwhelms previous selling zones. The breakthrough triggers algorithmic trading responses across major exchanges.

Ecosystem Expansion Drives Gains

BUILDon's infrastructure development and KuCoin's platform growth create sustained demand that outpaces typical market cycles. Their rallies demonstrate how fundamental progress translates into price appreciation.

Market Dynamics Shift

Traders reposition portfolios to capture momentum while institutional flows increase exposure to outperforming assets. The moves reflect broader sector rotation into tokens with clear utility narratives.

Just remember—in crypto, today's technical breakout often becomes tomorrow's 'what were we thinking' moment when traditional finance folks finally check the charts.

Open Interest. Source: CoinGlass

POL eyes further gains as momentum resurfaces

POL edges higher by over 2% at press time on Monday, extending the 8% gains from Sunday. The uptrend exceeds the $0.2750 supply zone and the 38.2% Fibonacci level at $0.28222, which is drawn from the $0.7685 high on December 3 to the $0.1519 low on April 7.

A decisive close above this Fibonacci level could further drive the rally to the 50% retracement level at $0.3417. 

The momentum indicators on the daily chart suggest increasing bullishness in POL. The Relative Strength Index (RSI) at 64, pointing upwards, indicates a surge in buying pressure and room for further recovery before the trend reaches overbought levels. A sideways movement at the overbought levels could extend the breakout rally in POL. 

The Moving Average Convergence Divergence (MACD) indicator signalled a buy opportunity on Saturday as the MACD crossed above its signal line. It indicates a rise in bullish momentum as the uptrend in average lines continues with rising green histogram bars.

POL/USDT daily price chart.

Looking down, a reversal in POL below the 200-day Exponential Moving Average (EMA) at $0.2605 could invalidate the breakout chances. In such a scenario, the ethereum layer-2 token could drop to the 50-day EMA at $0.2373. 

BUILDon’s uptrend at risk as RSI divergence emerges

BUILDon extends the uptrend by nearly 1% at press time on Monday, challenging an ascending trendline on the daily chart, formed by connecting the peaks of July 13 and August 28. The meme coin reversed from the trendline at $0.7414 on Sunday, suggesting overhead pressure. 

If BUILDon ends the day with a close above $0.7414, it WOULD mark the trendline breakout and reach a record high. The breakout rally could target the R1 pivot level at $0.8154. 

The MACD indicator displays a steady increase in bullish momentum, marked by the successively rising green histogram bars. 

Still, the RSI, which is moving flat below the overbought boundary against the uptrending price action, suggests a potential bearish RSI divergence. This increases the chances of a turnaround from the overhead trendline. 

B/USDT daily price chart.

If BUILDon reverses, it could target the centre Pivot level at $0.6408.

KuCoin enters price discovery mode

KuCoin Token reached a new annual high of $14.61 on Monday, as the uptrend continues for the seventh day. The bullish run in KCS enters price discovery mode, with bulls targeting the R1 pivot level at $15.97 as the uptrend gains momentum. 

The RSI at 70 on the daily chart enters the overbought zone, suggesting overstimulated buying activities. Furthermore, the MACD and signal line keep a steady upward trend as green histogram bars rise, indicating a gradual increase in bullish momentum. 

KCS/USDT daily price chart.

Looking down, a reversal in KCS could test the $14.00 round figure.