Polygon’s Bullish Divergence Sparks Rally—Analysts Eye $1.15 Breakout
MATIC defies market gloom as technicals flash a classic bullish reversal pattern. Traders pile in, betting against the crypto winter narrative.
Why it matters: Polygon’s RSI divergence suggests bears are losing steam—just as institutional money starts sniffing around layer-2 solutions again.
The kicker? That $1.15 target would mark a 30% surge from current levels. Cue the usual suspects calling it ’undervalued’ while quietly dumping bags on retail.
- Polygon’s POL slipped after breaking $0.20 but analysts see it as healthy consolidation.
- POL surged from $0.20 low to $0.267 by April 22, then slightly corrected to $0.2407.
- Bullish RSI divergence combined with increasing volume suggests a potential rally toward $1 and $1.15.
Polygon’s token POL has drawn attention after slipping into a modest correction, which followed what many believed to be a crucial breakout past $0.20. This recent downturn is not causing alarm among analysts. Instead, they suggest it is a healthy pause, priming the crypto for a stronger rise soon.
On the broader timeline, Polygon’s pattern appears encouraging. After rebounding from the lower line of a long-standing descending channel, Optimism has been building around its potential. Crypto expert MasterAnanda believes Polygon is ready for a sharp rally, with eyes set firmly on the $1 barrier.
The analyst points to a bullish divergence on the 3-day chart, calling it one of the clearest signs of a reversal. POL touched a new low on April 7, 2025, yet the Relative Strength Index (RSI) had bottomed much earlier in July 2024 and has been climbing since. This mismatch is classic, hinting that downward momentum is fading fast.
Polygon Shows Signs of Strength
Volume has also seen a notable rise, adding weight to hopes of a rebound. The recent uptrend across the broader crypto market is helping push this sentiment further.
MasterAnanda stressed that the market is flashing major signs of recovery. “The market is giving us one last chance to buy all we want before massive growth,” he remarked, hinting that a breakout could happen any time now.
Between April 7 and April 22, Polygon rose from its low to reach $0.267, only to bump into a ceiling. This led to two red candles, signaling a measured dip, likely retesting the channel’s upper limit. Often, these retests set the stage for significant breakouts, raising expectations for a steady march toward $1.
At present, the RSI sits around the 46. If the bullish setup holds, MasterAnanda predicts it could leap swiftly above 70, reflecting intense buying momentum. Polygon’s trading price now hovers NEAR $0.2407, a slight 0.42% gain in the last day, showing some early signs of strength.
Polygon’s Key Targets Set as Momentum Builds
The technical outlook includes clear checkpoints before hitting the $1.15 mark, which MasterAnanda set as the main goal. Based on Fibonacci tools, $0.461 and $0.534 are expected to serve as resting points where the price might pause or briefly pull back before moving higher.
Another voice, World of Charts, highlighted that on the 3-hour chart, POL has shaped a Bull Flag pattern. “Successful Breakout can lead another bullish rally towards 0.30$,” he commented, reinforcing the idea that short-term gains may come sooner than expected.
Whales_Crypto_Trading also observed POL breaking above the upper boundary of a broadening wedge on the 1-day chart. His projections suggest a potential 2x jump, aiming for $0.52 in the mid-term, providing another layer of optimism.
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