Polygon (POL) Rises 7% as Harmonic Pattern Suggests Over 33% Upside Potential

Polygon (POL) is showing signs of a potential upward move following a 7% surge in daily trading, extending its monthly rally to 19% as of August 5, 2025 [1]. The recent price action has sparked attention among technical analysts, who are highlighting a key harmonic pattern forming on its daily chart.

The cryptocurrency is currently trading near $0.2161 and is shaping a Bearish ABCD harmonic pattern [1]. Despite the name, this structure can signal a strong bullish CD leg prior to the Potential Reversal Zone (PRZ) being reached. The pattern began with a rally from Point A near $0.1633 to Point B, followed by a retracement to Point C at $0.1898. Since then, buyers have re-entered the market, pushing the price higher into what is now the CD leg of the pattern [1].

The 1.36 Fibonacci extension of the BC leg, which marks the potential Point D, is located around $0.2896. This level is considered a key target for bullish traders. Additionally, POL is approaching the 100-day moving average (100 MA) at $0.2173 [1]. A breakout above this level could confirm the pattern and potentially trigger increased buying interest.

If the price sustains above the 100 MA, it may set the stage for a move toward the PRZ, which could represent a more than 33% increase from current levels [1]. However, a failure to hold above the C-leg support near $0.1898 could invalidate the harmonic structure and expose the asset to renewed downward pressure.

The recent recovery in POL's price comes amid a broader slight rebound in the cryptocurrency market, with Ethereum (ETH) bouncing to $3675 from a recent low of $3357 [1]. This environment has contributed to renewed optimism for altcoins, including Polygon.

Source: [1] Polygon (POL) To Soar Higher? Key Harmonic Pattern Signals Potential Upside Move (https://coinmarketcap.com/community/articles/6891a52a58ac6200d63d19d7/)