Polygon's POL token surged 48.5% over the past week, with network demand and daily transaction fees reaching all-time highs, triggering a record destruction of over 3 million POL tokens. Despite a divergence from spot demand data and potential profit-taking pressure on holders, the strong upward momentum remains evident, with the Relative Strength Index (RSI) reaching multi-month highs. The key resistance level is around $0.20; if the price can sustain a breakout above this level, it may indicate a significant upward trend.
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Polygon's POL token surged 48.5% over the past week, with network demand and daily transaction fees reaching all-time highs, triggering a record destruction of over 3 million POL tokens. Despite a divergence from spot demand data and potential profit-taking pressure on holders, the strong upward momentum remains evident, with the Relative Strength Index (RSI) reaching multi-month highs. The key resistance level is around $0.20; if the price can sustain a breakout above this level, it may indicate a significant upward trend.