POL at 0.10: Smoke, Tokens Burned, and a Bitcoin Storm

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Polygon [POL] stands at the gate of ten cents, a stubborn block of numbers pressed against the cold door of necessity. It touched this line at the dawn of January and again when the weekend wind sharpened, rising a stubborn 15.25% on Monday, the 2nd of January, as if the market itself muttered a bitter joke and clapped its hands for mercy.

The ascent brought a spark of hope, yet it does not wash away the long shadow of POL’s toil on the horizon. The January sprint arrived hand in hand with a blaze of numbers-3 million tokens burned in a single day, a bright flare in a gray corridor that makes the ledger look almost alive.

The furnace did not cool. Through the month, the burn kept burning-AMBCrypto tallies 25.7 million POL reduced to ash in a single breath, one of the largest monthly burns to ever embarrass a calculator. A carnival of facts, perhaps, but the street knows: a flame does not feed a starving future.

Meanwhile, the wider market wears fear like a cheap coat-Bitcoin’s selling pressure weighs on every street, and Polygon bulls tremble beneath its weathered hem. The clouds converge; the city’s pulse slows, and a specter of doubt browbeats the hopeful with a dry, practical smile.

Is POL bullish or bearish?

On the weekly canvas, beginning in December 2024, POL’s path is a grim line trending downward, a veteran laborer returning home with stories of hardship. On the daily chart above, the analyst’s chalk declares: it is neither herald of triumph nor tale of ruin, but a stubborn middle-neither bold nor cowardly, simply present.

It seems confined within the narrow corridor of $0.10 to $0.18, a prison with polite walls that says, “Stay a while, friend; maybe you will learn something.”

For the second time in just over a month, the low mark of $0.0987 was tested and held. The OBV refused to forge new lows, a sign of a fragile equilibrium between selling and buying hands-the market’s stubborn mercy, if you will.

The present bounce coincides with Bitcoin’s march to $79k on Monday, a fact that binds POL’s fate to the broader beast of crypto. One cannot separate them; the market’s breath is shared, and Bitcoin’s posture looms large over POL’s next impulse move.

Assessing the potential of a POL bounce

The line at $0.1325 has carried weight in recent weeks, a support that stands like a stubborn brick in the wall. The red-highlighted $0.13 supply zone is a short-term theater where bears might raise their eyebrows and pretend they’re in charge.

Thus, there is a hint that the current POL rebound could stretch to $0.1325, a last polite bow before the stage lights dim again.

Will the gains extend? As things stand, the prospects look bleakly comic. Bitcoin wears a short-term bearish cap until the $79.4k local resistance is breached, and POL dances to the tune of that drumbeat.

Traders call to action – Wait

Long-term investors might praise the defense of the $0.1 psychological floor, but the curtain has not yet risen on a recovery. Swing traders should keep the eye on the $0.13 supply zone, and smile wryly at volatility-the only constant in this theater.

A bearish reaction would present a selling opportunity. A reclaim of this level could lead a rally toward $0.186, if the gods of chance choose to be generous with stubborn calculators.

Final Thoughts

  • POL has been oscillating between $0.10 and $0.18 in recent weeks.
  • Unless Bitcoin climbs back above the local resistance, a POL breakout beyond $0.12 and $0.1325 would be unlikely.

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2026-02-04 04:33