MATIC Price Drops 0.29% as Polygon Completes Major POL Migration

Quick Take

• MATIC currently trading at $0.38 (-0.29% in 24h)
• Polygon’s RSI at 38 suggests neutral momentum with potential oversold conditions
• Major network upgrade completed with migration from MATIC to POL token

What’s Driving Polygon Price Today?

The most significant development for Polygon this week was the successful completion of its mainnet upgrade on September 4, 2025, transitioning from MATIC to POL as the native gas and staking token for the Polygon PoS network. This technical milestone represents a major evolution in Polygon’s infrastructure, yet the MATIC price has remained relatively stable with minimal immediate market impact.

The upgrade to POL token marks a strategic shift for the network, designed to enhance functionality and prepare for future scaling solutions. However, markets have responded with measured caution rather than enthusiasm, as traders assess the long-term implications of this transition.

Separately, the launch of the ‘Stand With Crypto’ multi-state advocacy tour beginning in Arizona has provided neutral background support for the broader cryptocurrency ecosystem, though it has not specifically influenced MATIC’s price action.

MATIC Technical Analysis: Bearish Signals Emerge

The current Polygon technical analysis reveals concerning momentum indicators that suggest potential further downside for MATIC. The most notable signal comes from Polygon’s MACD, which sits at -0.0246 with a histogram reading of -0.0045, confirming bearish momentum for the token.

MATIC’s RSI currently reads 38.00, placing it in neutral territory but approaching oversold conditions. This positioning suggests that while selling pressure exists, Polygon may be nearing a potential reversal zone if buying interest emerges.

The moving average structure paints a challenging picture for bulls. MATIC price trades below all major moving averages, with the 200-day SMA at $0.69 serving as a significant overhead resistance level. The 20-day SMA at $0.43 and 50-day SMA at $0.45 create additional resistance barriers that bulls must overcome.

Polygon’s Bollinger Bands show MATIC positioned at 0.2879 of the band width, indicating the token trades closer to the lower band at $0.31 than the upper band at $0.56. This positioning often signals potential oversold conditions in trending markets.

Polygon Price Levels: Key Support and Resistance

Based on current market structure, several critical Polygon support levels emerge for traders. The immediate MATIC support sits at $0.35, representing a crucial level that has provided buying interest in recent sessions. A break below this level would likely trigger additional selling pressure toward the stronger Polygon support at $0.33.

For resistance, MATIC faces immediate challenges at $0.58, which serves as both immediate and strong resistance according to technical analysis. This level coincides with previous consolidation zones and represents a significant hurdle for any bullish recovery attempts.

The current trading range between $0.35 support and $0.58 MATIC resistance provides a clear framework for position management, with the pivot point at $0.38 serving as the current equilibrium level.

Should You Buy MATIC Now? Risk-Reward Analysis

Conservative traders should exercise caution given the current technical setup. The bearish MACD momentum and position below key moving averages suggest waiting for clearer bullish confirmation before establishing long positions. A move above the 20-day SMA at $0.43 would represent the first significant bullish signal.

Aggressive traders might consider the current MATIC price levels attractive for accumulation, particularly given the successful POL migration and potential oversold RSI conditions. However, strict risk management remains essential, with stops below the $0.33 strong support level.

For swing traders, the MATIC/USDT pair offers defined risk parameters within the current range. Entries near Polygon support levels with targets toward resistance zones provide measurable risk-reward ratios, though the overall bearish momentum requires careful position sizing.

Based on Binance spot market data, daily volatility measured by ATR sits at $0.03, providing context for position sizing and stop-loss placement decisions.

Conclusion

MATIC price faces near-term headwinds despite the successful POL migration, with technical indicators suggesting potential further downside before any meaningful recovery. Traders should monitor the $0.35 support level closely, as a break could accelerate selling toward $0.33. Conversely, a reclaim of the $0.43 level would signal the first signs of bullish momentum returning to Polygon. The successful network upgrade provides long-term fundamental support, but short-term price action will likely depend on broader market conditions and whether MATIC can hold current Polygon support levels.

Image source: Shutterstock