Polygon (POL) price is showing renewed bullish momentum after a key breakout, with buyers defending a reclaimed support zone. Meanwhile, Revolut has launched its EURR stablecoin on the network, strengthening euro-based blockchain payments and deepening Polygon’s connection with traditional financial services. Despite a 10.35% loss over the last 24 hours, the price structure and network adoption point to a potential bullish reversal. POL is trading at $0.1110 with a market capitalization of $1.18 billion.
According to crypto analyst Alpha Crypto Signal, the Polygon (POL) price is showing renewed bullish momentum after breaking above a major horizontal resistance zone with strong volume. The move signals growing buyer interest and suggests the breakout could mark the beginning of another upward leg. If POL continues holding above the reclaimed area, the bullish structure remains intact.
The resistance breakout zone now becomes an important support level, where buyers will try to hold ground if a correction occurs. An extended period of trading above this zone could be bullish and drive the price toward the $0.185 target level. A clear break below the breakout zone would undermine the bullish setup.
Revolut has launched EURR, a stablecoin backed by euros, on the Polygon network as part of its effort to bridge traditional finance and blockchain payments. The stablecoin aims to maintain a stable value of €1, allowing users to represent their euros digitally on the blockchain.
EURR will be issued by Bridge Building S.A., which is Stripe-owned and regulated. According to Revolut, the stablecoin will enable transactions in fiat currency, cryptocurrency, third-party wallets, and other on-chain services. Launching the token will benefit euro-backed stablecoins and position Revolut for widespread use of blockchain technology in financial infrastructure.
Despite the bullish price predictions and strong network growth, the POL price is moving downward, impacted by the cautious environment as Bitcoin moves sideways after a recent surge. The POL price will likely hinge on the buyers’ ability to defend the newly formed breakout pattern.
