- POL price surged nearly 9% in 24 hours as it broke above key technical resistance levels.
- Polygon’s TVL jumped to $1.18 billion, marking a 77% increase since March 2025.
- Technical indicators show bullish momentum, with a golden cross formation likely.
- Resistance lies at $0.2639, while key support levels are at $0.2070 and $0.1901.
- Market sentiment and on-chain growth suggest more potential upside.
Polygon POL Price Action Heats Up With $1.18 Billion TVL Milestone
Polygon native token, POL (formerly MATIC), has seen a nearly 9% price surge in the past 24 hours, fueled by strong technical signals and a surge in Total Value Locked (TVL). This rally comes as the altcoin broke through major moving average resistance levels, indicating a potential trend reversal.
The token recently climbed above its 50-day EMA at $0.2149 and 200-day EMA at $0.2177, creating a higher-high formation that reflects sustained buying pressure. The next major target sits at $0.2639, which could deliver an additional 14% upside if momentum continues.
Technical Indicators Point to a Bullish Outlook
The technical structure is strengthening, with both exponential moving averages starting to curve upward. A golden cross — where the shorter-term average crosses above the longer-term average — appears imminent, which is historically a strong bullish indicator.
Supporting this, the Relative Strength Index (RSI) is currently at 65, showing bullish momentum without being overbought, while the MACD has flipped positive, confirming a shift in momentum and validating the breakout above key resistance levels.
Also Read: Polygon Price Analysis: MATIC Faces Challenges Amid Indodax Hack
On-Chain Growth Gives POL an Extra Boost
According to DeFiLlama data, Polygon’s TVL has surged 77% since March 11, 2025, rising from $666.18 million to $1.18 billion by August 7. In just the past 24 hours, TVL grew by another 1.43%, signaling continued investor interest from both retail and institutional players.
This rise in TVL reflects increased ecosystem adoption and growing user trust, while social sentiment analysis shows improving community engagement and positive market perceptions — both strong drivers for sustained bullish momentum.
Price Levels to Watch
While the outlook remains bullish, traders should monitor support levels at $0.2070 and $0.1901 as potential defensive zones if a pullback occurs. A decisive breakout above $0.2639 could set POL on a path for extended gains if momentum gathers pace.