- Polygon launches liquid proprietary token sPOL, freeing up $330 million of accumulated capital for DeFi use.
- Stripe has chosen Polygon to settle its AI clients for less than a cent, strengthening its dominance of the stablecoin by 22.1%.
- $POL is at $0.09009, grinding the support trend line as it eyes a $0.105 target.
ribbed pee4.25% It stands out as an outstanding performer in the layer 2 space, benefiting from the successful post-hardfork environment and the official launch of native liquid storage. While the broader market is going through a period of cautious consolidation, Polygon’s 6.5% weekly rise highlights growing institutional appetite for the network’s “Gigagas” roadmap.
With the successful activation of the Giugliano hardfork and a dominant 22.1% share of the global stablecoin market, the project is quickly proving that its move to the POL stripe was the catalyst needed to unlock the next phase of its growth cycle.
Spark “sPOL”: Freeing $330 million of accumulated capital
On April 15, Polygon officially launched sPOL, the network’s native liquid staking token. The launch effectively unlocked approximately $330 million of previously illiquid capital, allowing users to maintain the security of the network while simultaneously using their assets as collateral across the DeFi ecosystem. The 1:1 liquid wrap addresses the “idle capital” issue that has historically impacted token utility.
Complementing this liquidity boost is the news that Stripe has selected Polygon as the settlement layer for its new autonomous AI agent payments protocol. By facilitating sub-cents transaction costs for AI-AI commerce, Polygon is securing a “first mover” advantage in the emerging agent economy. These developments, backed by rumors of a new $100 million payout financing round, provide the tailwind needed to maintain the $957 million market capitalization.
Polygon price in grinding support
After the local bottom on April 16, the polygon price established a strong green bullish support trend line. The support trend line captured every slight pullback during the day, reflecting the continued build-up from “smart money” buyers selling the recent 7% monthly decline.
The visual data highlights the massive “pink zone” of resistance between $0.0908 and $0.0910. This area represents the key supply ceiling where the bulls were rejected earlier today. The price is currently trading at $0.09009, hovering near the top of the local symmetrical wedge. For a confirmed macro trend reversal, the asset needs to print a high-volume close above the $0.0910 mark, which could indicate that sellers have finally exhausted their inventory.
On lower time frames, RSI The RSI (Relative Strength Index) is currently trending near the 52 level, which puts it in completely neutral territory. This confirms that the recent rally has not yet reached an overbought state, leaving enough “fuel” to test the overhead resistance.
The Moving Average Convergence Divergence (MACD) is showing a tight alignment with the signal line, reflecting the current consolidation phase. A bullish crossover here, accompanied by a spike in 24-hour trading volume of $64 million, would be the ultimate signal of expanding volatility.
The launch of sPOL has already seen a notable spike in on-chain activity, with the value zone shifting higher as users roll over their illiquid stakes into active DeFi positions.
Polygon’s next major price target is the $0.0980 supply zone if $POL can successfully break through the $0.0910 resistance and hold above it with significant volume. According to our Price analysisreclaiming this level would effectively erase the monthly decline and signal a move towards the psychological milestone of $0.1050 as sPOL liquidity begins to spread across the ecosystem.
Conversely, if the green bullish support line near $0.0890 fails to hold under selling pressure, a rapid decline towards the structural floor at $0.0860 is likely. our Price forecast It indicates that a breakdown below this level would be technically damaging, and a 7% monthly correction would likely extend towards the liquidity pool at $0.0820.
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