Polygon (POL) has been in a clear uptrend against USDT in the $POL/USDT perpetual trading pair recently, as indicated by the upward green arrow on the chart, the token has been climbing steadily from a lower price range over the past seven days. This upward price trend reflects that buying power continues to outperform selling, pushing prices higher.
Currently, the price is approaching the 24-hour high of 0.4074, which shows the strong momentum of buyers who are actively pushing Polygon to challenge key resistance levels. At the same time, the volume indicator is also strong, with more than 23 million POL tokens traded, totaling 9.42 million USDT. Such high trading volume is often seen as further confirmation of the continued upward trend in prices, and also reflects the market's broad confidence in the current upward trend.
From a technical analysis perspective, as long as Polygon's price can remain above the low of 0.3947 formed by the previous fluctuations, its short-term upward trend is expected to continue. Investors will be watching closely to see if the price can successfully break through the 24-hour high of 0.4086, which could be an important signal for further price increases. If buyers can continue to maintain their market dominance, Polygon is expected to further test and possibly break through the main resistance level of 0.42.
In summary, both the price trend and technical indicators show positive bullish signals in the short term. The price behavior and volume data presented in the chart strongly support the upward trend of prices, providing investors with optimistic market expectations.
