{"id":6903,"date":"2026-02-23T18:42:37","date_gmt":"2026-02-23T18:42:37","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6903"},"modified":"2026-02-23T18:42:37","modified_gmt":"2026-02-23T18:42:37","slug":"polygon-holds-0-10-amid-crypto-caution-pol-recovery-ahead","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6903","title":{"rendered":"Polygon holds $0.10 amid crypto caution: POL recovery ahead?"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/01\/20260109_1637_Image-Generation_simple_compose_01keh70xdqetm8yhmbgky74z4s-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/01\/20260109_1637_Image-Generation_simple_compose_01keh70xdqetm8yhmbgky74z4s-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/01\/20260109_1637_Image-Generation_simple_compose_01keh70xdqetm8yhmbgky74z4s-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/01\/20260109_1637_Image-Generation_simple_compose_01keh70xdqetm8yhmbgky74z4s-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/01\/20260109_1637_Image-Generation_simple_compose_01keh70xdqetm8yhmbgky74z4s.png\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Polygon price rose about 5% in the past 24 hours.<\/li>\n<li>The token continues to hold above $0.10.<\/li>\n<li>A surge in transactions, stablecoin adoption and POL burning is helping price gains.<\/li>\n<\/ul>\n<p>Polygon (POL), formerly MATIC, has stabilized above the $0.10 support level despite ongoing market volatility.<\/p>\n<p>As macroeconomic and geopolitical headwinds pressure Bitcoin and Ethereum prices lower, POL is showing great resilience.<\/p>\n<p>The token has gained in the past 24 hours and trends among top performers on the day, outpacing several of its layer 2 peers. Can bulls reclaim key levels and push higher despite overall market weakness?<\/p>\n<h2>Why is Polygon price up today?<\/h2>\n<p>POL\u2019s uptick today includes a notable rise to intraday highs above $0.11. The token revisited prices around $0.10 but showed resilience amid its bounce from under the psychological level.<\/p>\n<p>Bitcoin\u2019s dip to $65k looks to have allowed for some capital rotation into small cap tokens, including POL.<\/p>\n<p>While this looks to be a plausible reason for the bounce, Polygon\u2019s upward move largely stems from recent momentum, helped by robust stablecoin volume and deflationary dynamics.<\/p>\n<p>The L2 has seen a huge leap in terms of USDC transactions on the network, leading to Ethereum scaling solutions.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/USDC?ref_src=twsrc%5Etfw\">@USDC<\/a> activity is exploding on Polygon<\/p>\n<p>(#1 chain for transactions) <a href=\"https:\/\/t.co\/76xh4jenGP\">pic.twitter.com\/76xh4jenGP<\/a><\/p>\n<p>\u2014 Polygon | POL (@0xPolygon) <a href=\"https:\/\/twitter.com\/0xPolygon\/status\/2022420373569237229?ref_src=twsrc%5Etfw\">February 13, 2026<\/a><\/p>\n<\/blockquote>\n<p>DeFiLlama data shows the stablecoin market cap on Polygon stood at around $3.26 billion at the time of writing.<\/p>\n<p>Analysts have noted that more than 100 million POL tokens have been burned on the Polygon network.<\/p>\n<p>The token burn means a cut in circulating supply and potential upward price pressure.<\/p>\n<p>In the past 30 days, about 32.6 million POL have been burned, slashing net issuance.<\/p>\n<blockquote>\n<p>\u201cEvery transaction on Polygon generates fees,\u201d the team wrote on X. \u201c From each fee: base fees are burned and priority fees are shared among validators, block producers, and stakers.\u201d<\/p>\n<\/blockquote>\n<p>The more activity there is, the more fees generated and the more POL burned and permanently removed from circulation. The token\u2019s price could strengthen long-term amid this move.<\/p>\n<h2>POL price forecast<\/h2>\n<p>Polygon price appears to be riding the above bullish catalysts.<\/p>\n<p>Trading volume rose more than 30% in the past 24 hours on Monday, hitting over $84 million.<\/p>\n<p>In terms of short-term price forecast, POL currently eyes resistance at $0.12. This aligns with the horizontal hurdle of an ascending triangle pattern, and points to a potential uptick to highs of $0.30.<\/p>\n<p>If bulls strengthen above $0.14 and decisively breach $0.20, continuation amid broader market gains will help galvanize this trajectory.<\/p>\n<p>A breakdown of a similar outlook however, saw Polygon\u2019s token plummet to recent lows. In this case, rejection at $0.12 or $0.14 could fuel further declines, with bears likely to eye $0.09 as the initial target.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Markets,Polygon#Polygon #holds #crypto #caution #POL #recovery #ahead1771872157<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon price rose about 5% in the past 24 hours. The token continues to hold above $0.10. A surge in transactions, stablecoin adoption and POL burning is helping price gains. Polygon (POL), formerly MATIC, has stabilized above the $0.10 support level despite ongoing market volatility. As macroeconomic and geopolitical headwinds pressure Bitcoin and Ethereum prices<\/p>\n","protected":false},"author":1,"featured_media":5460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-6903","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polygon holds $0.10 amid crypto caution: POL recovery ahead? - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Polygon price rose slightly and held above $0.10 despite most cryptocurrencies trading lower amid Bitcoin&#039;s struggle near $65,000\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6903\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polygon holds $0.10 amid crypto caution: POL recovery ahead?\" \/>\n<meta property=\"og:description\" content=\"Polygon price rose slightly and held above $0.10 despite most cryptocurrencies trading lower amid Bitcoin&#039;s struggle near $65,000\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=6903\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-23T18:42:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/20260109_1637_Image-Generation_simple_compose_01keh70xdqetm8yhmbgky74z4s-1024x683.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=6903\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=6903\",\"name\":\"Polygon holds $0.10 amid crypto caution: POL recovery ahead? 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