Polygon Price News: POL Rises for 9 Days in a Row – $0.30 Next?

Polygon (POL) is among the top-performing tokens of today’s session with a 14.5% gain in the past 24 hours alone and an accumulated 35% 7-day uptick.

The token hit the $0.15 barrier earlier this morning, but has started to retreat after a 9-day streak of green candles.

Polygon’s network fees have exploded since late December, moving from $100,000 on January 2 to as much as $395,000 on January 5. This is the highest level that daily fees have hit since November 2023.

Earlier this month, the project revealed its vision for 2026. A project called “Open Money Stack” will mark Polygon’s next steps to become the go-to blockchain to move money across the globe easily and cheaply.

Open Money Stack Project– Source: Polygon’s X Account

The project’s founder, Sandeep Nailwal, explained his vision as follows: “For most of history, information, and money were limited by geography, time, and people. We freed information first with the internet. Money is next.”

Open Stack is a vertically-integrated solution comprising multiple back-end and front-end layers, including blockchain rails, payment networks, financial services, and decentralized applications.

“The Open Money Stack will include blockchain rails, onchain orchestration, wallet infrastructure, indexers and RPCs, on-ramps and off-ramps, offchain orchestration, stablecoin interoperability, compliance, onchain identity, and onchain earning,” Nailwal highlighted.

POL Trading Volumes More Than Double in 24H

Higher network fees may be the result of traders and investors positioning for a bullish move in the next few months as Polygon starts to roll out the first “layers” of this new vision.

In addition, Polymarkets, a Polygon-based prediction market, has seen a spike in its popularity as the platform made the headlines recently.

Just 9 days after 2026 started, POL has accumulated a 48% gain. The daily price chart shows that the $0.10 level acted as a strong support during the latest downtrend. The price has spiked off this level, aided by the recent news.

Now, POL has tagged a key trend line support that could either confirm or break the current uptrend. If the price decisively rejects a move above this line, this would confirm a bearish short-term outlook and could send POL back to $0.12.

RSI Readings Indicate Rising Positive Momentum

If the token breaks past the $0.16 resistance, POL could set course to $0.30 in the near term, meaning a 100% upside potential in the next few months. Trading volumes today confirm that buying pressure is accelerating.

POL/USD Daily Chart (Coinbase) – Source: TradingView

Data from CoinMarketCap indicates a 167% spike in daily volumes, with $280 million worth of POL exchanging hands in the past 24 hours alone. This figure accounts for 17% of the token’s circulating market cap.

The rally seems due to take a breather as the Relative Strength Index (RSI) has entered overbought territory.

However, although this raises the odds of a pullback in the near term, this is a strong indication that positive momentum has gained traction.