Polygon’s odds of recovery hinges on THIS support – Here’s why
- Polygon has taken a serious hit, down 55% from its post-election surge above $0.70.
- It’s a make-or-break moment for Polygon’s future.
Polygon [POL] is on the ropes, down 80% from its $1.29 all-time high. With its survival hinging on the critical $0.28 support, will it stage a comeback, or is this the endgame?
Polygon in a high stake gamble
Polygon has been on a steady decline, down 55% since its post-election surge past $0.70. With the RSI flashing overbought signals, profit-taking was bound to happen.
However, the lack of a solid recovery points to a bigger issue: a lack of fresh capital entering, creating a supply-demand imbalance.
Trading volume, which once hit $1.7 billion, has now dipped below $500 million. With the broader market de-risking, selling pressure is taking the upper hand.
Polygon has erased more than half of its post-election gains. Are investors HODLing for future gains, or are they bailing out to break even?
The $0.50 mark is now key. Around 57.8K addresses are underwater here, holding 8.39 billion coins. On the other hand, $0.28 serves as strong support, proven by the 60% rebound seen during the Trump pump in November.
Source: IntoTheBlock
What’s even more interesting? A single whale wallet controls 81% of the entire Polygon network, holding 8.18 billion POL coins.
So, if the support level doesn’t hold or investors don’t step up at the resistance, Polygon could see a sharp drop back to square one.
Let’s break down the odds
Polygon’s situation is becoming more critical by the day. Network growth has halved in just a week, signaling that the lack of fresh capital is taking a toll on POL. Unless these metrics shift, the chances of a breakout are slim.
Reaching the $0.70 mark is far from certain, especially with heavy resistance keeping HODLers on edge. The real test is at $0.50 — if it fails to hold, we might see further declines.
Source: TradingView (POL/USDT)
However, with whales possibly offloading, volume shrinking, and market-wide volatility in full swing, the $0.28 support level is starting to look like the next stop soon.
Read Polygon’s [POL] Price Prediction 2025-26
However, if we see any signs of dip-buying momentum at this price point, we could see a comeback. If not, Polygon risks falling into an irreversible downward spiral. The clock is ticking.