{"id":7315,"date":"2025-08-09T16:00:09","date_gmt":"2025-08-09T16:00:09","guid":{"rendered":"https:\/\/bitunikey.com\/news\/polygon-price-nears-make-or-break-level-as-its-ecosystem-rebounds\/"},"modified":"2025-08-09T16:00:21","modified_gmt":"2025-08-09T16:00:21","slug":"polygon-price-nears-make-or-break-level-as-its-ecosystem-rebounds","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/polygon-price-nears-make-or-break-level-as-its-ecosystem-rebounds\/","title":{"rendered":"Polygon price nears make-or-break level as its ecosystem rebounds"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Polygon price continued its strong uptrend and approached its make-or-break level as its ecosystem improved.\u00a0<\/p>\n<div id=\"cn-block-summary-block_34af3a92c93d5a718f8ccb74c23646e8\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>POL price has rebounded in the past few days as cryptocurrencies rally.<\/li>\n<li>The stablecoin supply in the Polygon network has soared.<\/li>\n<li>The total value locked in its decentralized finance has jumped.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Polygon (POL) token jumped for seven straight days, reaching its highest level since July 23.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">DeFi, stablecoin, and NFT growth<\/h2>\n<p>The POL price continued its strong rally as third-party data pointed to strong gains in the network. CryptoSlam numbers show that the sales in its non-fungible ecosystem rose by 53% in the last 30 days to $17.8 million, led by Courtyard.<\/p>\n<p>More data shows that the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.artemisanalytics.com\/asset\/polygon?from=chains&amp;tab=stablecoins\" target=\"_blank\">stablecoin supply<\/a> in the Polygon network jumped by 6.35% in the last 30 days to $2.6 billion. Most of these stablecoins are USDC followed by Tether\u2019s USDT.<\/p>\n<p>The adjusted transaction volume of stablecoin in the network jumped by 70% to $38.5 billion. This surge occurred as the number of stablecoin transactions on the network increased by 4.68% to 95.1 million.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Users love Polygon and other layer-2 platforms due to their substantially lower transaction costs and faster execution times.\u00a0<\/p>\n<p>Polygon\u2019s challenge is that, while it was the first mainstream layer-2 network, newer contenders have taken market share. Base, the L2 network owned by Coinbase, has $4.2 billion in stablecoins, while Arbitrum has $4 billion.<\/p>\n<p>Polygon\u2019s DeFi ecosystem is also performing well, with its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/polygon\" target=\"_blank\">total value locked<\/a> increasing by 10.9% over the last 30 days to $1.35 billion.<\/p>\n<h2 class=\"wp-block-heading\">Polygon price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">POL price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart indicates that the POL price has remained relatively stable over the past few months. It has remained inside the key support and resistance levels at $0.1655 and $0.2620 since March.\u00a0<\/p>\n<p>Polygon price has moved above the 50-day Exponential Moving Average, while the MACD and the Relative Strength Index have pointed upwards. It is also nearing the 23.6% Fibonacci Retracement level.\u00a0<\/p>\n<p>Therefore, the token will likely continue rising as bulls target the key resistance at $0.3858, up by 52% from the current level. These gains will be confirmed if it moves above the resistance at $0.2620.<\/p>\n<p>The alternative scenario is where the Polygon token pulls back and retests the support at $0.1655.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Polygon price continued its strong uptrend and approached its make-or-break level as its ecosystem improved.\u00a0 Summary POL price has rebounded in the past few days as cryptocurrencies rally. The stablecoin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=7315"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7315\/revisions"}],"predecessor-version":[{"id":7316,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/7315\/revisions\/7316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3757"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=7315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=7315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=7315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}