POL Eyes Strong Rebound - Can It Double From R$0,11?
$POL is showing early signs of a recovery, bouncing ~11% from the R$0,10 support to trade around R$0,115. Janeiro saw ~25.7M POL burned - the largest monthly burn in recent memory - while network activity and stablecoin inflows rose, boosted by Ethereum’s ERC-8004 adoption on Polygon.
Technically, POL remains in a broader downtrend, with lower highs and declining moving averages. Short-term, it’s defending the R$0,11 zone, forming a potential higher low. RSI sits at ~61, momentum is improving, and reclaiming the 20/50/100 EMA–SMA cluster could push POL to R$0,132–R$0,143, with R$0,15 the key level before challenging R$0,186. Losing R$0,11 risks a drop to R$0,099–R$0,10.
A 100% rise this month is ambitious but feasible if POL breaks R$0,15 and sustains momentum. Expect gradual upward legs rather than a sudden spike unless volume surges. Investors should watch R$0,12–R$0,15 for early confirmation of trend reversal.