Polygon (POL) Breaks Out: Is the Bullish Momentum Sustainable?

Polygon’s native token (POL) has shattered through a multi-day consolidation range, signaling a breakout towards resistance. After five failed attempts to break past $0.2165, POL surged to $0.2206 with notable volume, indicating strong bullish intent. This move follows tight trading between $0.2140 and $0.2165, culminating in a decisive breakout candle at $0.2206. The 20 EMA crossed above the 50 EMA, solidifying this shift towards bullish momentum. Analysts see these actions as a sign of a potential trend reversal.