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Polygon POL is trading at $0.1093, down 9.55% as profit-taking follows a breakout. Monitor the $0.0812 support level to see if the bullish trend holds.
Polygon (POL) is trading at $0.1093, a 9.55% decline over the last 24 hours, as the token retraces following a sharp rally that broke a months-long descending channel [1]. The volatility follows a confirmed integration with Revolut, which selected the Polygon network to host its new euro-backed stablecoin, EURR [1].
| At a glance | |
|---|---|
| Current Price | $0.1093 |
| 24h Change | -9.55% |
| Key Support | $0.0812 |
| Primary Catalyst | Revolut EURR stablecoin integration |
The recent price spike, which pushed POL to a high of $0.1216 earlier in the week, coincided with the announcement that Revolut is utilizing Polygon’s infrastructure for its stablecoin product [1]. This move represents a significant real-world application for the network, as the fintech firm serves millions of retail customers [1]. Despite the subsequent 9% pullback, the breakout from the descending channel—a technical structure that had capped rallies since February—remains a notable shift in the token's daily chart [1].
Trading volume remains active at $157.63M, though it has cooled by 18.45% compared to the peak of the recent move [1]. On-chain data indicates that while the token has found a floor since July, it remains significantly below its March 14, 2024, all-time high of $1.29 [1]. Liquidation data from CoinGlass shows $327.80K in total liquidations over the last 24 hours, with long positions accounting for $230.19K of that total, suggesting that the rapid price reversal squeezed leveraged traders who were betting on immediate continuation [1].
The token’s distribution remains highly concentrated, with the top 10 wallets controlling 80.42% of the supply and the top 100 holding 96.48% [1]. However, the largest holdings are structural rather than speculative, with the Polygon PoS staking contract and the Plasma Bridge accounting for 34.13% and 29.58% of the supply, respectively [1].
| Metric | Value |
|---|---|
| Market Cap | $1.16B |
| Circulating Supply | 10.7B POL |
| 50-day EMA | $0.0855 |
| Daily RSI | 69.43 |
The central question for the coming sessions is whether the Revolut-driven momentum can establish a new, higher trading range or if the token will revert to its previous sideways trend. While the structural breakout provides a bullish technical signal, the immediate market reaction highlights the sensitivity of the asset to profit-taking and broader macroeconomic risk [1].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Sep 1, 2026 · How we report
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