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.
#pol