POL Eyes Strong Rebound - Can It Double From 0,11 $?
$POL is showing early signs of a recovery, bouncing ~11% from the 0,10 $ support to trade around 0,115 $. January saw ~25,7M POL burned - the largest monthly burn in recent memory - while network activity and stablecoin inflows rose, boosted by Ethereum’s ERC-8004 adoption on Polygon.
Technically, POL remains in a broader downtrend, with lower highs and declining moving averages. Short-term, it’s defending the 0,11 $ zone, forming a potential higher low. RSI sits at ~61, momentum is improving, and reclaiming the 20/50/100 EMA–SMA cluster could push POL to 0,132–0,143 $, with 0,15 $ the key level before challenging 0,186 $. Losing 0,11 $ risks a drop to 0,099–0,10 $.
A 100% rise this month is ambitious but feasible if POL breaks 0,15 $ and sustains momentum. Expect gradual upward legs rather than a sudden spike unless volume surges. Investors should watch 0,12–0,15 $ for early confirmation of trend reversal.
