Polygon’s Make-or-Break Moment: MATIC Eyes $1 Comeback as Analysts Place Bets
Polygon’s native token MATIC teeters on the edge of redemption—or irrelevance—as crypto traders watch for a decisive breakout. One bullish analyst claims the Ethereum scaler could reclaim the psychologically critical $1 level, despite its recent slump.
Technical indicators show MATIC flirting with key support levels, while on-chain data reveals whales accumulating positions. ’This smells like a classic buy-the-dip setup,’ says a pseudonymous trader, ignoring the fact that 93% of ’classic setups’ end in tears during crypto winters.
The layer-2 contender faces stiff competition from newer rollup solutions, but its established developer ecosystem might just give it the staying power Wall Street never manages to replicate. Whether this surge materializes or becomes another ’next week is our week’ copium session remains to be seen.
Classic Bullish Divergence Points To Imminent Breakout
According to technical analyst MasterAnanda on TradingView, the Polygon ecosystem token (POLUSDT) is currently flashing one of the strongest technical reversal signals in the form of a textbook bullish divergence on the 3-day chart. Price action hit a new low on April 7, 2025, but the Relative Strength Index (RSI) had already bottomed earlier in July 2024 and has since been forming higher lows.
As noted by the analyst, this mismatch between the price and the momentum indicator is a classic signal that the downtrend may be losing steam. The signal is reinforced by the recent increase in volume and the broader bullish recovery observed across the cryptocurrency market.
Zooming in on the 3-day chart structure, POLUSDT experienced a notable rebound after reaching its low on April 7. The price climbed steadily to $0.267 by April 22 before encountering resistance. What followed were two successive bearish candlesticks that appeared to trace a measured pullback, likely a retest of the upper boundary of the descending channel.
This movement is significant because retests of this nature often precede major breakouts. Keeping this in mind, the analyst predicted a successful bounce from the trendline support, which could start a sustained rally toward $1.
Polygon To $1: Window Of Opportunity Narrowing
Analyst MasterAnanda noted that the current price action is merely a calm before a massive move. “The market is giving us one last chance to buy all we want before massive growth,” the analyst said, implying that a strong impulsive wave could be next. The RSI is currently in the mid-40s, and if the bullish setup plays out, a swift move to the 70+ zone could occur.
In terms of a price target, the analyst predicted a full recovery above $1 with a specific target of $1.15. This would mark a full recovery for POL holders who have been holding throughout the downturn in 2025. This level corresponds to the 1.618 level on the Fib extension projected from the April 7 low. The Fibonacci extension levels plotted on the chart show other smaller price targets on the way to $1.15. Most notable are the $0.461 and $0.534 regions, representing the 0.5 and 0.618 extension levels, respectively, which could serve as interim consolidation zones.
At the time of writing, Polygon is trading at $0.2420.
