Polygon’s native token POL faces sustained bearish pressure, trading at $0.092 as of February 6, 2026. Technical analysis points to a potential relief rally target of $0.115 to $0.120, while key support lies between $0.090 and $0.095. Indicators like the RSI and MACD suggest weakening downward momentum, though a broader reversal has not been confirmed.
Polygon (POL) is in a neutral to bearish setup, with its price down 6.66% in 24 hours and 14.12% over the past week. According to CoinMarketCap, POL is trading at $0.09588 with a 24-hour volume of $287.79 million, a surge of 170.54%. The token’s market capitalization stands at $1 billion as the broader crypto sector experiences high volatility.
The price continues to slide, trading around $0.092, well below all major weekly moving averages. The price hugging the lower Bollinger Band indicates ongoing selling pressure, with the middle band near $0.152 now acting as strong resistance. A weekly close below $0.090 could open the door for further downside targets of $0.066 and $0.055.
Conversely, any relief rally could reach the $0.115 to $0.120 zone, or even $0.150 to $0.155. The overall resistance area is between $0.195 and $0.240, data taken from TradingView charts shows. The Relative Strength Index (RSI) is at 33.95, slightly above the oversold level of 30, implying bearish momentum is weakening but still present.
The Moving Average Convergence Divergence (MACD) is at -0.03322, slightly below its signal line. The histogram is decreasing in size, which implies a possible slowdown in the current downtrend. While indicators point to potential stabilization, no reversal has been confirmed, warranting caution for traders.
