Polygon (POL) Skyrockets: Bullish Data Signals $1 Breakout Imminent

Polygon's native token POL is defying gravity as fresh performance metrics ignite a buying frenzy. The Ethereum scaling solution just flashed its most bullish technical setup since the 2024 bear market—and traders are piling in.

The rocket fuel: On-chain data reveals whales accumulating POL at levels not seen since its last ATH. Network activity spiked 42% this week as institutional validators join the ecosystem.

Price watch: The $0.85 resistance level crumpled overnight. Market makers now see a clear path to $1 if Bitcoin holds steady—though crypto's favorite 'when lambo' crowd will inevitably paper-hand at the first 5% pullback.

Polygon's proving once again that in crypto, the most sophisticated tech often gets overshadowed by degenerate trading patterns. The layer-2 wars just got hotter.

Polygon price displayed a strong performance as the overall ROSE 9% on July 10, and further gained over 7% in 24 hours as observed at press time.

Onchain data revealed $100 million in micropayments in the month of June. The protocol co-founder, Sandeep Nailwal, confirmed the milestone and noted that Polygon held 52% of this market.

Analysts responded by speculating that the POL Price could climb to $1 in the near term.

Strong Payment Performance Drives Polygon Crypto Momentum

According to Polygon Foundation CEO Sandeep Nailwal, the network processed $100 million in micropayments for June.

The payments ranged from $0.50 to $100. This marked the highest monthly figure recorded for the chain.

Nailwal stated that Polygon now holds 52% of the overall micropayment market. This placed it ahead of networks such as Ethereum, Solana, and Arbitrum.

In addition to micropayments, small payments between $100 and $1,000 also grew by 37% month-over-month.

Polygon accounted for 42% of this segment. These figures positioned the chain as a clear leader in the Layer-2 space for digital payment flows.

It is worth noting that the same day saw the launch of the Heimdall v2 upgrade. The update was aimed at reducing finality times to five seconds.

Nailwal shared that this improvement WOULD support faster transactions across the network.

According to the data, Polygon also facilitated billions of dollars in stablecoin movement during the month.

This activity points to wider use by institutions and decentralized applications.

Polygon’s performance came during a period when other networks saw fewer small-scale transactions.

Nailwal linked the rising figures to the network’s low fees and payment-focused infrastructure.

These updates added to Polygon’s long-term strategy of enabling scalable and efficient onchain commerce.

Price Surge Sparks Speculation on POL’s Next Move

It is worth noting that Polygon’s recent increase got the attention of analysts and traders.

Some market watchers suggested that Polygon price might approach the $1 level if payment volumes continue to rise.

Although no official projection was confirmed, past forecasts have placed POL as high as $4.95 by 2030.

Market interest in POL increased following the release of the payment data. Traders closely observed the asset for any signs of further bullish momentum.

While the $1 target remained speculative, analysts cited the strong metrics and upgrade rollout as positive indicators.

Still, others cautioned that past performance could not guarantee future returns. They noted that investor confidence often shifted based on broader crypto market trends.

As of the time of reporting, Polygon crypto price remained below the $1 mark but held onto its daily gains.

CoinMarketCap data showed that it was trading at $0.2242. It rallied by 7.53% with a market capitalization of $2.34 billion.

Polygon Strengthens Its Layer-2 Position

Polygon crypto continued to cement its status as a leading Layer-2 network. Built to scale Ethereum, it offers uers low-cost and high-speed transactions.

Its growing market share in small and micro payments demonstrated increasing adoption by users and platforms.

In an earlier update, we covered that Polygon introduced the VaultBridge on the AggLayer protocol.

Polygon’s ability to MOVE stablecoins at high volume positioned it ahead of competitors like Base and Optimism.

The protocol’s multi-chain approach remained in line with broader industry trends.

Polygon’s multi-chain setup helped it connect with different parts of the ethereum network while keeping transactions quick.

The strong results in June showed more people are using it for payments.

It is essential to add that with the upgrade in place, payment numbers are rising. The network seemed ready to handle more activity.

It remains unclear if the Polygon price will reach $1 soon, but recent data indicate that more users and developers are paying attention.