Will POL’s Rally Continue? Analyzing Potential for Upside

The cryptocurrency market is currently experiencing a downturn with widespread selling pressure, leading to significant losses across the board. While most assets are trading in red, Polygon (formerly known as MATIC) has shown resilience and climbed into the gainers list. POL’s price surged by 2.15% today, reaching $0.2944 after breaking through key resistance levels. This increase is fueled by a surge in trading volume exceeding 117%. Daily trading activity now stands at $731.47 million according to CMC data. However, the market remains volatile and cautious. It’s unclear if this bullish wave will continue.