Polygon Price Prediction: Is POL Headed for New All-Time Low?

Key Insights:

• With a 4.5% price drop, Polygon (POLY) is heading toward its all-time low of $0.19.
• Intraday traders are strongly betting on the bearish side.
• Traders are over-leveraged at $0.216 on the upper side and $0.203 on the lower side.

Polygon price prediction has gained significant attention amidst the bearish market sentiment. This interest is driven by its recent performance and declining trajectory.

Data revealed that POL has recorded losses of over 70% since December 2024 through a continuous price decline. Going forward, the token has now reached a key level of $0.20.

Polygon Technical Analysis and Price Action 

The recent price drop and negative sentiment have returned Polygon to this critical level for the second time. This situation raises doubts about whether the token can sustain its position as it did previously.

Concerns grow that the price may fail to hold and could crash further. According to expert technical analysis, POL appears bearish and is currently at a support level of $0.20.

Based on recent price action, the asset may fail to hold this level and close a daily candle below it. If this happens, the token could fall by 6.5% to reach $0.189. It is a historic low previously reached by POL.

Another Polygon price prediction indicates that POL might not sustain its record low of $0.189. It could trigger a significant price decline if it closes a daily candle below this level.

The possibility of a price rebound will accompany a bearish Polygon price prediction. POL might experience a reversal from its current level of $0.189. This scenario aligns with similar movements observed earlier.

POL was recently trading around $0.206, reflecting its bearish outlook. Over the last 24 hours, the token experienced a price drop of more than 4.5%.

Despite this decline, its trading volume showed a notable increase of 10% during the same period. This surge in trading volume highlights greater activity among traders and investors.

The heightened participation is significantly higher compared to the previous day’s engagement. Such developments could signal increased market interest despite the price challenges.

Traders’ Bearish Outlook 

According to data, traders with a pessimistic perspective built the over-leveraged level of $0.216. Their short positions total $1.66 Million.

However, another overly leveraged level created by optimistic traders is $0.203. They presently have long holdings totaling $1.01 Million.

These levels suggest that bears are currently dominant, while bulls appear to be weary. Polygon price prediction suggests that the momentum will continue.

It also forecasts that if the price goes below $0.203, traders’ $1.01 Million long holdings will be liquidated. It could potentially lead to a sharp sell-off in POL.

The bearish outlook for POL remains valid unless the token trades above the $0.19 level. Surpassing this mark would invalidate the negative thesis and signal a potential shift in market sentiment.