Polygon Price Hits New High as Momentum Indicators Reach Extreme Levels

Polygon's price has extended its winning streak to five consecutive days after a 45% rally last week, reaching above $0.1200 on Tuesday.

The token has reclaimed the psychological $0.1000 level and broken above a long-term descending resistance line, strengthening its near-term technical outlook.

Renewed network activity also supports the recovery, with weekly transactions and fee-based economic value increasing by 7.8% and 7.3%, respectively.

However, Polygon's rapid advance has pushed momentum indicators to extreme levels, raising the likelihood of consolidation or a corrective pullback.