Polygon (POL)’s Double Upside Potential After Breaking the Wedge Pattern

Updated

April 28, 2025

Gambar Polygon (POL)’s Double Upside Potential After Breaking the Wedge Pattern

Jakarta, Pintu News – Polygon is back in the spotlight in the crypto market after successfully breaking out of a widening wedge pattern, a technical formation that often precedes strong upward price movements. After several weeks of consolidation and erratic price fluctuations, POL has now successfully broken out of the pattern’s resistance line, providing a positive signal for its near-term outlook.

Polygon Phase Change: From Consolidation to Acceleration

#pol/usdt

Polkadot is crossing the upper boundary of the broadening wedge formation on the daily chart👀
Target projection shows potential for 2x move toward $0.52 in the midterm🔥

👇Crypto Traders-join Telegram👇 https://t.co/4ApYM0WgpD
. pic.twitter.com/R4skLVB3dK
— Whales_Crypto_Trading 🐋 (@WHALES_CRYPTOzz) April 26, 2025

Whales_Crypto_Trading recently highlighted a significant technical move on the Polygon (POL) chart via a tweet. Currently, POL managed to break the upper boundary of a widening wedge on the daily timeframe, which is usually a bullish signal indicating increased volatility and a possible trend reversal. This pattern, which is widely watched by technical traders, suggests that POL may be preparing for a sustained upward push.

With momentum continuing to build, POL has the potential to experience significant gains towards $0.52. This level is a medium-term projection based on the size of the breakout from the wedge formation. A 2x increase from the current level would attract bullish attention and put POL back into the previous consolidation zone.

Also Read: Dogecoin’s New Breakthrough: Predicted Price Increase to $0.25!

Measurable Steps and Expanded Targets

While $0.31 became the immediate upside target after the breakout, the widening wedge pattern indicates that Polygon’s (POL) rally may not stop there. Breakouts from structures like this often surpass initial resistance zones, especially when supported by strong volume and positive momentum indicators.

If bullish pressure remains steady, the next areas to watch are near $0.44 and $0.52, which are both in line with previous reaction points and Fibonacci extensions. These levels could act as zones where short-term traders might take profits, but also offer opportunities for the trend to build new higher peaks.

Risks Behind Upward Momentum

Although there is upward momentum surrounding Polygon’s (POL) breakout, there are still risks lurking. One of the main concerns is the possibility of a false breakout if the price fails to hold above $0.31, which would attract strong selling pressure and trap late buyers. This would invalidate the breakout and could trigger a quick pullback towards lower support levels.

With the breakout supported by improving sentiment and growing volume, Polygon seems to be setting the stage for a stronger rally. Currently, speculation revolves around whether the bulls can keep the price above the breakout level and continue to maintain short-term support. If that happens, the next round of POL could be characterized by renewed momentum and broader investor interest.

Conclusion

Polygon (POL) shows significant potential for further growth in the crypto market. With a strong technical structure and support from increasing trading volumes, POL will probably continue to attract investors’ attention. However, it is important to remain aware of the risks that may arise, as rapid market dynamics can change the direction of a trend quickly.

Also Read: Can Dogwifhat (WIF) Reach $1? FOMO is the main trigger!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.