Polygon Bulls Eye $0.10 Resistance

Polygon's price has been on an upward trajectory after a sharp recovery from its recent lows, trading around $0.079.

This move has pushed POL back toward the $0.08 mark after weeks of weakness, raising questions about whether bulls are gaining control of the price action.

The key resistance zone stands between the current price and a potential move toward the psychological barrier at $0.10.

The daily chart shows POL trading within a descending channel, keeping the broader trend bearish.

However, the latest rebound from the lower portion of the channel has pushed the price above the short-term descending trendline, indicating strengthening buying pressure.