Polygon’s Proof-of-Stake (PoS) network has processed over 100,000 checkpoints, a significant technical milestone for the scaling ecosystem. Despite this fundamental network growth, the price of its native POL token remains under pressure, trading near $0.091. Technical indicators show weak momentum, with the token facing resistance levels at $0.096 and above while testing key support at $0.090.
Polygon’s PoS network recently crossed 100,000 checkpoints, marking a major scaling milestone. This achievement highlights accelerating on-chain activity and reinforces confidence in Polygon’s infrastructure.
In price terms, this news may help support bids around key support zones. Positive sentiment could align with breakout attempts above resistance levels.
According to a TradingView chart, POL continues to trade around $0.091 following a decline from its late January high of $0.17. The token is making a series of lower highs and lows while trading below key moving averages.
The technical indicators reflect this state as the price trades below a bearish Ichimoku Cloud. A move past $0.100 could pave the way towards $0.104 and $0.111.
On the downside, the test of the $0.090 support is ongoing. This opens the possibility of a drop to $0.085 and then to $0.082.
Momentum indicators continue to reflect a soft market outlook. The RSI (14) indicator currently resides at 42.92, indicating mild bearish-to-neutral momentum.
The RSI indicator resides below the 50 midpoint, which indicates softer buying pressure. The RSI indicator whispers of indecision with mildly bearish momentum.
The MACD is located near -0.00007, while the signal line is near -0.00230. The lines are becoming flat and converging, which may indicate a change in trend or a consolidation period.
