Polygon Price Builds Base as POL Targets $0.28 Breakout Zone

TLDR:

  • Polygon price is building a bullish base as $0.19–$0.21 forms a strong accumulation zone.
  • A breakout and retest above $0.28 could trigger a rally toward $0.41 and beyond.
  • Analyst Patel sees the structure holding as long as price stays above $0.15.
  • Polygon trades at $0.2155, down 12.32% weekly, but higher lows signal steady accumulation.

Polygon’s price is holding steady, but traders are watching closely. $POL has been grinding above a critical accumulation zone after several sharp rejections. 

Market analysts see this area as a potential springboard for the next move. A breakout from here could unlock higher targets, but failure would send it back into range. For now, all eyes are on one number: $0.28.

POL Price Accumulation Zone Builds a Base

Crypto Patel, a well-followed market analyst, outlined an accumulation-to-expansion setup for $POL. He pointed to $0.19 to $0.21 as the key demand zone where price has repeatedly bounced. This area now acts as a foundation for any bullish push.

According to Patel, a clean retest of this zone could give traders a favorable entry. He stressed that the structure remains valid as long as price stays above $0.15. Any high-timeframe close below that level would nullify the bullish case.

Patel also identified $0.28 as the first real breakout trigger. A move and retest above this level could shift $POL into expansion mode. From there, the next resistance targets sit at $0.41, $0.52, and $0.70.

The analyst even mapped a potential long-term range between $1 and $2 if the trend unfolds as expected. But the near-term focus stays on clearing $0.28 and confirming strength. Until then, price remains trapped in consolidation.

Polygon Price Action and Market Context

At the time of writing, Polygon trades at $0.2155 with a 24-hour volume of $100.2 million, based on CoinGecko data. The token has dropped 6.14 percent in the last day and 12.32 percent over the past week.

POL price on CoinGecko

Despite this pullback, Patel’s chart shows a clear sideways pattern, forming higher lows against strong support. That setup could be the groundwork for an eventual push higher if momentum returns.

The market now waits for proof. A breakout and retest at $0.28 would confirm strength. Failing that, POL could revisit the accumulation zone again.

For now, the bias remains bullish above $0.21. Traders watching this setup see it as a textbook example of base-building before a move, but the price still has to deliver.

 

The post Polygon Price Builds Base as POL Targets $0.28 Breakout Zone appeared first on Blockonomi.

Source: https://blockonomi.com/polygon-price-builds-base-as-pol-targets-0-28-breakout-zone/