- The price of the polygon extends its corrective trend within two converging trend lines on the daily chart.
- Polygon Labs is exploring a capital raise of up to $100 million to accelerate its expansion into regulated stablecoin payments.
- A Relative Strength Index (RSI) of 40% indicates that sellers remain the dominant force in the market
POL, the native token of the Polygon ecosystem, fell nearly 3% during US market hours on Wednesday to currently trade at $0.0902. Polygon’s price performance is slightly underperforming the broader cryptocurrency market, as Bitcoin’s price remains above the $70,000 mark. Despite pricing uncertainty, Polygon Labs is in early talks to raise up to $100 million to launch a stablecoin payments business. This move could boost real-world adoption of the protocol and boost organic demand for POL.
Polygon is targeting $100 million to expand stablecoin payments
Polygon Labs is in early discussions with investors to raise up to $100 million in new capital. This investment round should make it easier for the company to accelerate its growth and expansion in the regulated space of stablecoin payments, which would formalize its shift away from being a general-purpose Ethereum scaler and towards a specialized financial infrastructure provider.
The new capital aims to scale a separate cross-chain payments module. This comes after Polygon previously acquired Coinme, a cryptocurrency payments company, and wallet provider Sequence, in January 2026 for a valuation of up to $250 million. Polygon is developing a cohesive “Open Money Stack” by combining Coinme’s 48 US state licenses and 50,000 retail locations with one-click cross-chain Sequence technology.
According to industry analysts, such an investment puts Polygon in the same position as traditional fintech giants like Stripe. In contrast to traditional finance, Polygon aims to transform fiat and stablecoin flows to be purely on-chain, potentially generating over $100 million in revenue from annual real payments flows rather than token grants.
This news comes with Polygon’s network upgrade, Giuliano solid forkbecomes live and shortens the transaction duration by 2 seconds. Although the overall market is seeing a broader market downturn, Polygon has already delivered over $2.3 trillion in on-chain volume as of early 2026, indicating a high degree of institutional confidence in its stablecoin infrastructure.
The primary goal is to increase the volume of stablecoin transactions on Polygon’s blockchain, potentially generating more gas fees, more bridging, and more ecosystem activity, boosting the native token, POL.
This resistance line limits the recovery attempt from the polygon price
During the past two weeks, Polygon price It saw increased volatility around the $0.0915 level. A series of neutral candles with price rejection on either side indicates a lack of conviction in buyers or sellers to drive a sustained move.
Despite the market uncertainty, the currency price is strictly following the resistance pressure of the downtrend line on the daily chart. Since late January, the downtrend line and 50-day EMA have been dynamic resistance against Polygon price. Even today’s price drop is coming out of the resistance line indicating that sellers are still defending this ceiling.
With continued selling, the altcoin could fall another 16% and retest the lower support trend line at $0.075. This combination of two converging trend lines pushes Polygon’s price into a narrow range, creating a setup for a decisive breakout.
