- Polygon launches liquid token sPOL, releasing $330M in venture capital for DeFi use.
- Stripe chooses Polygon to deploy micro-AIs, strengthening its 22.1% stablecoin control.
- The price of $POL is at $0.09009, grinding the support channel while looking for a target of $0.105.
Polygon POL4.25% appears to be a strong player in the Stage 2 space, taking advantage of the successful hardfork environment and legalization of local waters. While the broader market is moving through a period of careful consolidation, Polygon’s weekly increase of 6.5% shows a growing appetite for the “Gigagas” traffic.
With the successful launch of the Giugliano hardfork and a large share of 22.1% of the global stablecoin market, the project quickly shows that its transition to the POL ticker was instrumental in opening the next phase of its growth.
The ‘sPOL’ Spark: Unlocking $330 Million in Staked Capital
On April 15, Polygon officially launched sPOL, the Internet watermark. The implementation has effectively unlocked nearly $330 million in previously illegal payments, allowing users to maintain network security while simultaneously using their assets as collateral for the DeFi community. The 1:1 water wrapper solves the problem of “idle capital” that the history is weighed on the work of the sign.
Supporting this financial boom is the news that Stripe has chosen Polygon as a platform for its new AI-powered payment system. By supporting low-cost AI-to-AI trading, Polygon is getting a “first-mover” opportunity in the emerging economy. This, supported by rumors of a new payment of $100 million, provides the means necessary for the market to advance to a total of $957 million.
Polygon Value in the Support Tool
Following the bottom of April 16, Polygon’s price established a green support system. This support system has held a little bit lower each day, reflecting the continued influx of “smart money” buyers that are shrinking from the recent 7% monthly gain.
The outlook shows a solid “pink zone” between $0.0908 and $0.0910. This area represents the main selling point where the bulls were rejected earlier today. The price is trading at $0.09009, moving close to the top of a similar wedge. For a big change to be confirmed, the stock should post a close higher than the $0.0910 mark, which would indicate that the sellers have completed their search.
In the sub-sections, the Relative Strength Index (RSI) is currently near 52, placing it in neutral territory. This confirms that the recent rally has not reached the overbought area, leaving enough “oil” to try to resist further.
Moving Average Convergence Divergence (MACD) shows a strong correlation with the signal line, indicating a converging phase. The strong consolidation here, along with the spike in the 24-hour volume of $64 million, may be the last sign of the growing volatility.
The implementation of sPOL has already seen an impressive rise in on-chain activity, with the Value Area changing dramatically as users convert illiquid assets into DeFi environments.
The next major outcome for the price of Polygon is the $0.0980 trading zone if $POL can successfully break and hold above the $0.0910 resistance on high volume. According to our cost analysisa retracement of this level would erase the monthly slide and signal a move to $0.1050 which is very important in psychology as sPOL liquidity starts to spread through the environment.
On the contrary, if the green line rising near $ 0.0890 fails to hold under selling pressure, it will slide quickly to $ 0.0860 under the formation. Ours price predictions suggests that a break below this level would be technically damaging, extending the monthly correction by 7% to the $0.0820 currency pool.
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