Polygon (POL) is moving in a downward direction supported by the technical indicators but still hovering above the key support level. However, the crypto analystPolygon (POL) is moving in a downward direction supported by the technical indicators but still hovering above the key support level. However, the crypto analyst

Polygon (POL) Breaks Descending Channel and Signals Recovery With $0.29 in View

  • Polygon (POL) signals short-term bullish potential after breaking above the descending channel midline on the 12H chart.
  • Strong buyer defense at a well-tested support zone strengthens price stability and limits downside risk.
  • Upside targets align at $0.13 and $0.15, with higher resistance levels near $0.25 and $0.29.

Polygon (POL) is moving in a downward direction supported by the technical indicators but still hovering above the key support level.

However, the crypto analyst, Jonathan Carter, highlighted that Polygon (POL) is hinting at a possible reversal in trend after a breakout above the middle level of a bearish channel on the 12-hour timeframe. The breakout can be considered an indication that sellers are losing momentum, with buyers taking control of the market. The move is a relief after a protracted bearish counter-trend phase.

A strong support level in price action is evident, where a tested support zone holds strong as buyers have consistently prevented a downside move. Being above this support level gives POL a solid foothold in the market. The move reinforces bullish sentiment, reducing concerns that the price surge is a temporary rebound.

Source: Jonathan Carter

A more widespread recovery may be in store if POL continues its momentum with strength above the center line of the channel. Short-term resistance milestones are set at approximately $0.13 and $0.15, with additional levels at $0.18 and $0.21. Following a stronger path, additional milestones at $0.25 and $0.29 may be achieved, with a breakthrough at the center line being the decisive factor.

Also Read: Polygon (POL) December Setup: Can POL Hold the $0.35 Support for a Year-End Rebound?

Polygon (POL) Technicals Suggests a Cautious Outlook

From the technical perspective, Polygon (POL) is in a definite downtrend on the weekly chart. The asset is trading in the $0.11-$0.12 region after being unable to hold above the moving average ribbon on multiple occasions. The 20-week, 50-week, 100-week, and 200-week SMAs are all placed well above the current price.

with stacked resistance regions around $0.20, $0.23, and $0.42. Such a movement confirms strong bear dominance in the market since each attempt at a reversal is repelled below previous highs. The latest candles in this chart continue to show a downtrend with further selling pressure, failing to establish a stable level.

Source: TradingView

Momentum indicators generally favor a tentative outlook. RSI (14) is in the oversold zone at just above 29 but below the signal line, indicating very strong bear pressure with potential for a short-term bounce. MACD remains in the red, indicating that bear momentum is still in play. A marked trend change can come into consideration if key moving averages are solidly reclaimed.

Also Read: Polygon (POL) Eyes $0.145 Breakout as Trading Volume Surges

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Following the MCP and A2A protocols, the AI Agent market has seen another blockbuster arrival: the Agent Payments Protocol (AP2), developed by Google. This will clearly further enhance AI Agents' autonomous multi-tasking capabilities, but the unfortunate reality is that it has little to do with web3AI. Let's take a closer look: What problem does AP2 solve? Simply put, the MCP protocol is like a universal hook, enabling AI agents to connect to various external tools and data sources; A2A is a team collaboration communication protocol that allows multiple AI agents to cooperate with each other to complete complex tasks; AP2 completes the last piece of the puzzle - payment capability. In other words, MCP opens up connectivity, A2A promotes collaboration efficiency, and AP2 achieves value exchange. The arrival of AP2 truly injects "soul" into the autonomous collaboration and task execution of Multi-Agents. 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