Polygon Price Surges 0.75% as Bullish Momentum Builds

As of June 7, 2025, the price of Polygon (POL) is hovering around $0.2162, reflecting a modest intraday rise of 0.75% following a sharp rebound from key support levels. After sliding below the $0.21 mark earlier in the month, the price action has stabilized within a rising wedge structure, suggesting a potential bullish recovery if momentum sustains.

POL recently bounced from the $0.1970–$0.2000 zone, a region highlighted by both the 0.0 Fibonacci retracement level and historical demand. The 4-hour chart shows a clear breakout candle on June 7, reclaiming the 0.786 Fib level at $0.2146. This rebound also coincides with a breakout above the short-term descending wedge pattern, shifting focus back to the overhead resistance cluster near $0.2240–$0.2250.

The Bollinger Bands on the 4-hour timeframe have started expanding again, with price breaching the midline and attempting to push into the upper band. Meanwhile, the EMA cluster (20/50/100/200) remains tightly aligned between $0.2127 and $0.2251, indicating a critical confluence zone that could cap immediate upside unless bullish volume intensifies.

On the 30-minute and 4-hour RSI charts, Polygon price shows growing strength. The RSI has climbed to 60.34, above the neutral 50 mark, signaling bullish momentum. Additionally, the MACD has formed a clean crossover on lower timeframes, now printing green bars as the histogram expands. This shift reflects recovering sentiment after days of muted sideways consolidation. The Chande Momentum Oscillator also confirms improving buyer interest, climbing back above the 50 level and breaking through the zero line for the first time since the start of the month. This aligns with the sharp upside breakout seen on the intraday charts, hinting at renewed speculative inflows.

Ichimoku Cloud analysis on the 30-minute chart shows a bullish crossover, with price recently breaking above the Kumo cloud. However, the cloud remains relatively thin, suggesting the breakout could still face whipsaw risk if bulls fail to hold above $0.2150. Meanwhile, the Stochastic RSI has entered overbought territory with readings near 72. This often precedes brief consolidation or minor pullbacks, especially after aggressive short-term rallies. Nonetheless, as long as the price holds above the 0.618 retracement level at $0.2108, the uptrend structure remains valid heading into mid-June.

The Polygon price spikes observed today stem from a confluence of technical breakouts and increased demand at major support zones. After dipping to a near-term low at $0.1970, POL attracted significant buying interest, triggering a bullish wedge breakout and reclaiming multiple key EMAs. A brief liquidity sweep beneath the wedge pattern may have also flushed out late shorts, adding fuel to the rebound. Moreover, this bounce coincides with improving crypto market sentiment broadly, particularly in Layer-2 assets, as traders re-enter positions in anticipation of a potential rotation out of majors like ETH.

If buyers maintain control above $0.2150 and push through $0.2250, the next upside targets lie at $0.2369, $0.2440–$0.2480, and $0.2650. Conversely, if Polygon price volatility increases and bulls fail to hold the 0.618 and 0.5 retracement levels at $0.2108 and $0.2082 respectively, a retest of $0.2023 or even $0.1970 remains possible. That would invalidate the short-term breakout and re-open room for further consolidation.

In summary, the current price action of Polygon suggests a cautious bullish outlook for June 2025. The price has shown signs of recovery, with key technical indicators pointing towards a potential breakout above the $0.24 resistance level. However, the sustainability of this recovery will depend on the ability of buyers to maintain control above critical support levels and push through overhead resistance. The improving market sentiment for Layer-2 assets also bodes well for Polygon's short-term prospects.