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Crypto Potato 2025-07-30 13:39:46

Buy the Dip? POL Targets $2 After Accumulation Period

TL;DR POL holds above $0.21 support; breakout above $0.28 could trigger a 270% price surge. Crypto Patel says the structure holds if the price stays above $0.15 on higher timeframes. Polygon zkEVM sees TVL drop below $20M; development and upgrades remain stalled. POL Holds Above Support as Buyers Watch Key Zone Polygon’s token, POL, is trading just above a key support area between $0.19 and $0.21. This range has acted as a base in recent months, with prices repeatedly bouncing from it. At the time of writing, POL was priced at $0.2177. The asset is down 5% in the past 24 hours and over 11% for the week. Analyst Crypto Patel shared that this zone remains an area of interest. A retest of this base may present a buying opportunity, provided the price stays above $0.15 on higher time frames. A close below that would break the current structure. $POL Could 3x After Breakout: Are You Buying the Right Zone? Polygon Price is consolidating above the accumulation zone ($0.19–$0.21) after multiple rejections off demand. Now trading above this base, if price retests the zone, it could offer a high-probability entry. Key… pic.twitter.com/UfDsaSYxml — Crypto Patel (@CryptoPatel) July 30, 2025 The next level traders are watching is $0.28. A clean move above that, followed by a retest, could confirm a trend shift. Patel’s chart points to this as the breakout trigger. If the asset clears that level, targets extend to $0.41, $0.52, $0.70, and potentially up to $1–$2. From the current level, the move to $0.70 would reflect a gain of over 270%. The broader setup follows an “accumulation to expansion” phase, a typical pattern where price builds a base before trending upward. The structure remains valid while the price stays above $0.15. Mixed Sentiment Across Market Channels Public sentiment around POL remains split. Market Prophit’s feed reports that the crowd remains bullish, while its internal model reflects a more cautious stance. This contrast signals a divide between trader expectations and modeled forecasts. $POL Sentiment CROWD = Bullish MP = Bearish Check out sentiment and other crypto stats at https://t.co/HQDyBNuzek pic.twitter.com/Na5bn7DNBs — Market Prophit (@MarketProphit) July 30, 2025 Despite the recent drop, trading activity remains steady. Volume over the last 24 hours stood at $97.8 million. Traders are keeping a close eye on the $0.28 level to confirm the next direction. Polygon zkEVM Faces Declining Activity As CryptoPotato reported , Polygon’s zkEVM chain, originally developed from the Hermez acquisition in 2021, has seen a drop in both usage and development. Researcher Lorenz Lehmann says the chain has not adopted Ethereum’s Blob upgrade and is running at an annual loss of over $1 million. Meanwhile, TVL peaked at $187 million in early 2024 but has now fallen below $20 million, based on L2Beat data. Source: L2Beat Leadership at Polygon has also changed. Sandeep Nailwal now leads the foundation as CEO, following the quiet exit of multiple co-founders over the past two years. The post Buy the Dip? POL Targets $2 After Accumulation Period appeared first on CryptoPotato .

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