Polygon’s POL (previously known as MATIC) token is testing a familiar ceiling, trading near $0.24 after multiple failed attempts to break the $0.26 level. The daily chart shows higher lows since April, but momentum has stalled beneath the 200-day EMA, keeping traders cautious.
The price action has helped the token form a bullish technical setup, though the lack of conviction in POL price action could hinder any breakout attempts. The setup shows higher lows since April, but the breakout remains elusive, with the 200-day EMA still capping upside momentum.
Analysts see careful optimism but short-term downside risks if support falters. At the same time, Polygon has drawn fresh attention from real-world use cases in Latin America and community events on X. This gives context to the market’s split outlook.
Analysts Caution on POLYG’s Structure
The price consolidation around $0.24 has not gone unnoticed. Analysts disagree on whether the POL USD pair will finally break higher.
An X user, More Crypto Online, shared a post arguing that POLYG remains a weaker performer this cycle. It is holding above the 50% retracement at $0.179, but is struggling to generate momentum. They stressed that a five-wave advance is needed for a convincing structure. Moreover, a break below $0.166 would point to deeper supports. The chart work highlights muted conviction despite the base forming since April.
Another trader, AltCryptoTalk, sees the same range-bound setup as an accumulation phase. For them, the key marker is $0.28. A close above that level would trigger the next markup phase, while the $0.20 zone remains the level to defend. The argument is straightforward: the token is stuck in a band, and only a decisive breakout can shift sentiment.
Some Analysts See a Polygon Buying Opportunity
Meanwhile, Crypto Collector adopted a more aggressive tone. The crypto analyst notes steady price action and an RSI setup favors upside and encourages dollar-cost averaging at current levels. His view plays into the bullish triangle narrative, suggesting that every dip should be considered a buying opportunity.
A different angle came from Renkiseth, who framed potential in dominance terms. He points out that if POLYG can command just one percent of a $5 trillion crypto market, the token could rise above $10. However, Renkiseth’s projections rest on speculative assumptions. These are built around a highly optimistic future scenario with no clear timeline for realization.
Such a framework makes the POLYG price in INR a helpful reference point for retail investors comparing potential upside with regional fiat terms. If the token captures even a fraction of the dominance he outlines, today’s POLYG price in INR would look modest.
Together, the commentary paints a split picture. Some emphasize caution and structural risk, while others focus on breakout potential and accumulation.
Stablecoin Transactions and Upcoming AMA Shape Focus
The cautious tone among analysts comes as Polygon announces updates that tie its network closer to real-world payments. Avenia Pay announced that it processed more than $1.4 billion in stablecoin transactions over its system. In 2025 alone, the platform handled $657 million, averaging about $94 million per month, with a peak of $140 million in March. The payments were settled in USDC and USDT running on Polygon’s rails.
The growth is centered in Latin America, where Avenia Pay positions stablecoins as a functional alternative to volatile local currencies. The region has a history of inflation shocks, making dollar-linked assets attractive for everyday use. By offering a direct on-ramp into digital payments, Polygon extends its presence beyond speculative markets into consumer-level adoption.
Alongside the payments milestone, Polygon is scheduling an AMA on X for Aug. 22. The event will see Polygon Labs’ chief executive officer outline the organisation’s forthcoming plans and strategic direction.
The developments do not resolve the immediate debate over direction but add substance to the bullish case. A token that demonstrates traction outside exchanges is harder to dismiss, even if its price stalls under technical barriers. The growth of LATAM payments and the timing of Polygon’s outreach underscore how ecosystem updates can provide support during market indecision.
