Polygon (POL) Rallies 41% Weekly as Polymarket Surge Accelerates Network Burns

Polygon (POL) is experiencing a strong bull market, though many are still overlooking it. Polymarket running on Polygon is changing how the network is being used. In just the past three days, nearly $855K worth of $POL has been burned, more than Polygon used to generate in months.

Even with this momentum, the market still treats Polygon like it’s 2023. The main worry is its reliance on Polymarket. Essentially, this is a bet on prediction markets becoming a lasting financial infrastructure, with Polygon as the settlement layer. If it works, Polygon could secure a much bigger role in DeFi and blockchain adoption.

Also Read: Polygon Price Outlook: Can POL Rebound Toward the $0.1300 Target?

Polygon Breaks Downtrend Signals Reversal

According to crypto analyst @Allice_Crypto, POL reversed a long-term downtrend after breaking above the descending channel that dominated price action from September 2025. Lower highs and lower lows gave way to consecutive bullish candles, signaling strong buying momentum. The breakout indicates a potential trend reversal, suggesting the market may move higher toward initial targets while maintaining the bullish bias.

Support levels near $0.08–$0.10 acted as a floor during the downtrend, while previous resistance at $0.16 now provides new support. Currently, initial targets of moving upwards are seen around $0.19-$0.20. Major targets to achieve interim profits will be around $0.19, $0.24, and $0.30, whereas final targets to be achieved will be around $0.36.

Source: @Allice_Crypto

Volume and momentum strength also verify the power in this positive breakout. A continued positive implication from the breakout could mean that POL reaches the expected $0.36. Traders should also watch the $0.15 level as the most crucial level of support. A drop past this level could mean the end of the breakout and consolidation levels.

Current Price Momentum Shows Potential Upside

From a technical point of view, the token is currently trading at $0.1717, enjoying a drastic +41% weekly increase following the rebound from the strong support level between $0.12 and $0.13. The token broke away from the lower boundary of the Bollinger Bands at $0.0693, indicating a clear confirmation that the bear pressure has dwindled. However, the token continues to remain below the critical resistances of the 20-day SMA of $0.1835 and the 50-day SMA of $0.2132.

Source: TradongView

The momentum is slowing down as the MACD is at -0.03287, the Signal is at -0.03225, and the Histogram stands at -0.00062, which is an indication that the bears are losing strength and a bull crossover may also be looming. The targets, if prices remain above support, are $0.18-$0.19, $0.21-$0.22, $0.30, and $0.40. The targets, if prices fall below support, are $0.13, $0.10, and $0.07.

Also Read: Polymarket Shocks Crypto Market with Taker Fees on 15-Minute Trades