As Polygon (POL) whales continue to accumulate and adoption surges, the POL price is approaching key resistance levels, showing possible breakout signals. Recently, the POL price has increased by 4.69% and is currently at $0.3956, with a trading volume of $71.03 million, reflecting strong market interest.

Currently, the price of POL fluctuates between the support level of $0.3740 and the resistance level of $0.4045. If the price can break through $0.4045 continuously, the target will be $0.50, which means there is 23.12% upside.

The technical chart shows a classic double bottom pattern, which indicates a bullish reversal. The breakout of this pattern has confirmed the uptrend with a potential target of $0.4100. The relative strength index (RSI) is 63.94, close to the overbought area, and although it shows strong buying momentum, it may experience a short-term correction.

In addition, the adoption rate of POL is also rising, reaching 38.68% on September 18, indicating increased user participation. The activities of whales are also worth noting. Many large investors transfer POL from exchanges to cold wallets, which usually means increasing holdings and reducing selling pressure.

Overall, the POL market outlook is bullish, but investors need to pay attention to possible short-term fluctuations.

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