Bitcoin News Today: Polygon’s Token Transition Could Spark a Bullish Breakout in October

Polygon (POL), the native token of the Polygon network, could see a significant price increase in the coming months as Bitcoin's volatility rises ahead of key macroeconomic data releases. Current market conditions suggest POL might move past $0.29 and target a range of $0.50–$0.58 by October 2025, according to analysts who closely monitor the crypto markets. The prediction hinges on MATIC, Polygon’s current token, breaking key resistance levels and gaining momentum amid broader market uncertainty.

Polygon’s MATIC is currently trading at $0.38, 70% below its 52-week high of $1.27. Analysts at Blockchain.News highlight a cautious yet optimistic view for Polygon, with a medium-term price target of $0.50–$0.58, representing potential gains of 32–53% from current levels. This forecast is contingent on MATIC breaking above the critical $0.43 resistance level, which aligns with the 20-day simple moving average (SMA) and the midpoint of its Bollinger Bands.

Technical indicators such as the Relative Strength Index (RSI), currently at 38.00, show neutral momentum, while the MACD histogram remains bearish at -0.0045. Volume activity on Binance is relatively low at $1.07 million in 24-hour trading, indicating a consolidation phase rather than active selling or buying pressure. Analysts note that if MATIC holds support at $0.33–$0.35 and regains strength above $0.43, it could signal a bullish continuation. Sequential resistance levels beyond $0.58, including the $0.69 SMA 200 and the psychological $1.00 level, could serve as further price targets in a strong recovery scenario.

Bitcoin’s recent volatility is also playing a role in the broader crypto market sentiment. Over the past 24 hours, BTC has dropped nearly 3% to $109,800, dragging down ether and other major tokens. However, Bitcoin’s implied volatility, as measured by Volmex’s BVIV and Deribit’s DVOL indices, has surged above its 100-day SMA for the first time since mid-June, signaling potential for increased price turbulence in the coming weeks. Analysts at Bitunix note that the core PCE inflation data release later in the week could shape the Federal Reserve’s future monetary policy decisions, influencing risk appetite across markets.

In the event of softer-than-expected PCE data, risk sentiment could stabilize, potentially favoring assets like ether. Indeed, U.S.-listed ETH ETFs have seen over $1 billion in net inflows this week, nearly double the $567 million entering BTC ETFs. This trend highlights growing investor interest in Ethereum and its ecosystem, potentially benefiting layer-2 solutions like Polygon as adoption increases.

Polygon is also undergoing a significant transition with the planned switch from MATIC to POL on September 4, 2025. Holders of MATIC on Ethereum, Polygon zkEVM, or centralized exchanges may need to take action to prepare for this change. The rebranding could introduce short-term volatility, but analysts suggest it reflects Polygon’s long-term vision and ecosystem growth.

While the bearish risk for MATIC remains if the token fails to hold the $0.35 support level, the stochastic indicators remain in oversold territory, hinting at a potential short-term bounce. A breakdown below $0.33 could test the 52-week low at $0.37, but the immediate downside appears limited given the proximity to current prices. Conservative entry strategies recommend buying near $0.35–$0.38 with a stop-loss at $0.33, while more aggressive traders may wait for a confirmed break above $0.43 before entering.

In conclusion, the Polygon (POL) price forecast for the next 1-2 months remains cautiously bullish, with a primary target of $0.50–$0.58 dependent on key technical levels and broader market conditions. The coming weeks will be critical for confirming the validity of this outlook, with Bitcoin’s volatility and macroeconomic data playing pivotal roles in shaping risk sentiment across the crypto space.

Source: [1] MATIC Price Prediction: Targeting $0.50-$0.58 by October ... (https://blockchain.news/news/20250901-price-prediction-matic-targeting-050-058-by-october-2025) [2] Bitcoin Volatility Comes Alive Ahead of PCE Inflation Data (https://cryptoadventure.com/bitcoin-volatility-comes-alive-ahead-of-pce-inflation-data-crypto-daybook-americas/)