Polygon (POL) Soars: Analyst Predicts Potential Breakout

Polygon’s POL token has seen significant price gains today, jumping 8% to reach around $0.21 – the highest point this month. Crypto analyst ‘World of Charts’ offers insights into the potential future trajectory of the coin. Analyzing recent trends, World of Charts points out that Polygon (POL) has been trapped in a downward channel since November 2024. However, a recent price break above the descending channel’s midline suggests potential bullish momentum.