Polygon jumps 18% – How POL erased all of December’s losses
Polygon (POL) surged 18% to $0.151, erasing all losses from December and reaching a two-month high. The rally was supported by a significant increase in trading volume and market cap, indicating strong capital inflows. Buyers demonstrated sustained conviction, with higher buy volume and positive accumulation metrics, despite active selling pressure.
Amid the bullish momentum, Polygon’s CEO announced the "Open Money Stack" vision—a vertically integrated system designed to move global money on-chain with improved reliability and scalability.
Technical indicators like the RSI (77) and DMI-SMI (61) suggest strong upward momentum, though the token is nearing overbought conditions. If buyer dominance continues, POL could break the $0.16 resistance and target $0.18. A reversal, however, might see a pullback to $0.12.
ambcrypto01/09 12:02
