Key takeaways

• POL is one of the best performers in the top 50, up by more than 5% in the last 24 hours.
• The coin could rally towards the $0.265 resistance level if momentum continues.

Polygon’s POL outperforms the market, hits $0.23

POL, the native coin of the Polygon ecosystem, is one of the best performers among the top 50 cryptocurrencies by market cap. The coin added more than 5% to its value over the last 24 hours and now trades above $0.23 per coin.

There is no catalyst behind POL’s rally as it is responding to a market-wide recovery. The crypto market has been bearish since the start of the week but seems to have turned a corner after recording positive gains over the last 24 hours.

Bitcoin has recaptured the $115k level while Ether is eyeing the $3,730 resistance zone once again. XRP is also trading around $3 while other major altcoins are also in the green. 

POL has lost its place as one of the top 20 cryptocurrencies by market cap and now occupies the 41st spot in the market. Despite that, Polygon remains one of the leading projects in the crypto space.

POL eyes the $0.265 high

The POL/USD 4-hour chart is bullish but inefficient, suggesting a downward movement to grab liquidity before surging higher. The inefficiency lies around $0.22, and POL could drop to this point in the coming hours before resuming its rally.

The technical indicators are bullish, suggesting that buyers are currently in control of the market. The RSI of 68 shows a buying pressure. However, it is not yet in the overbought region, indicating that POL’s price could surge higher. The MACD lines are also within the positive territory, indicating a bullish bias.

If the rally continues, POL could rally towards July’s high of $0.265 over the next few hours. An extended bullish run would allow POL to target the $0.30 level for the first time since March.

However, the market could face a correction and test lower support zones. If that happens, POL could retest the strong support and TLQ at $0.2086.

• The project’s stablecoin supply has crossed $2.76 billion.
• The metric has hovered beneath this level since 2021.
• A falling wedge pattern suggests POL rallies to $0.50.

Digital tokens remained elevated on Monday as most assets exhibited bullish structures after the latest rallies.

Polygon, which has displayed stability since its Heimdall v2 upgrade on 10 July, is in the spotlight again.

The Polygon PoS saw its stablecoin supply recovering past $2.76 billion over the weekend, touching levels not seen since the 2021 bull run (according to CEO Sandeep Nailwal).

We just surpassed all time stablecoin supply on @0xPolygon POS, crossed $2.76B first time since 2021

The acceleration is just beginning

We consistently
– Top 3 in bridged inflows
– Top 2 in NFT trading volume
– Top 3 in daily transactions
– 150b+ in stablecoin volumes
– Top 2… pic.twitter.com/i0Zy9bt5wv

— Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) July 19, 2025

The prevailing bull run and the latest crypto bills’ approval in the United States fuel this stablecoin growth.

Stablecoins gain traction after Donald Trump signed the GENIUS Act into law.

These assets are vital for the markets’ stability as they peg real-world assets like fiat.

Increased stablecoins entering the Polygon network indicate growing trust in the project, with users betting on potential upticks in ecosystem growth, NFT trading, and DeFi activity.

Such developments have renewed interest in native POL, the new coin replacing MATIC.

The alt has formed a bullish reversal pattern after extended dips since March.

Overcoming the $0.42 – $0.45 resistance could propel POL toward the obstacle at $0.50.

That would translate to a 95.38% increase from the digital currency’s market price of $0.2559.

Network activity confirms trend shifts

Stronger fundamentals support Polygon’s bullish trajectory.

It has topped charts in the last few months, consistently ranked as:

• The top three in bridged inflows
• The top two in NFT trading volume
• The top three in daily transactions
• 150b+ in stablecoin volumes
• The top two in daily active users on several days.

These stats reflect Polygon’s competitiveness in the hot Ethereum-scaling and L2 landscape.

The impressive growth suggests that Polygon remains a perfect choice for traders, institutions, and developers.

With many sectors, including NFTs, DeFi, gaming projects, and real-world assets (RWA) heating up amid the materialising bull run, Polygon might see further stablecoin surges.

POL price outlook: Is $1 next?

The alt trades at $0.2559 after gaining over 5% in the past 24 hours (CoinMarketCap).

It has rallied from June lows of $0.1666, and the 60% surge in daily trading volume suggests further gains for POL.

Technical indicators back the bullish case. A textbook falling wedge is emerging on the weekly charts.

This classic formation often welcomes massive breakouts once confirmed.

Falling wedge patterns trap sidelined cautious buyers and short-sellers before robust gains.

With the prevailing broad market optimism, Polygon bulls will target the key resistance at $0.50, a 95% upswing from POL’s market price of $0.2559.

The soaring stablecoin supply hints at stable gains for the digital currency.

Overcoming $0.50 could catalyse surges to $0.90 before exploding toward the psychological mark at $1.

Cryptocurrencies appear ripe for extended gains as bulls dominate amid shifting trends and increased institutional appetite.