Polygon project latest price analysis
As of October 23, 2025, the price of Polygon (formerly MATIC, now migrated to POL) has stabilized in the range of $0.19-$0.20, with a 24-hour trading volume of approximately $135 million and a market capitalization of about $2.02 billion, ranking 44th in cryptocurrencies.
In the past 24 hours, the price has decreased by 4.09%, with a total decline of about 2% over the past 7 days, reflecting the impact of intensified Layer-2 competition, such as the pressure brought by the closure of zkEVM solutions.
Nevertheless, the RSI indicator hovers around 38, showing signs of being oversold, and although trading volume is sluggish, there has been no panic selling.
From a technical perspective, the price is below the resistance levels of EMA20 ($0.45) and EMA200 ($0.61), with a short-term bearish trend dominating; however, if it breaks through the $0.25 mark, it may return to the $0.30 level.
Fundamental positives include the emergence of non-USD stablecoins in emerging markets like Brazil, as well as the expansion of RWA (real-world assets) applications in the Polygon ecosystem, driving growth in DeFi activities.
Analysts predict that the target price could reach $0.45-$0.50 before November, and if Bitcoin rebounds, the increase could be amplified.
Overall, Polygon faces short-term volatility but has strong long-term potential. Investors are advised to pay attention to the $0.18 support level and consider mid-term opportunities in conjunction with ecosystem upgrades.
