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

Published: January 09, 2026

Key Highlights

• Polygon's chain fees have surged, reaching their highest levels since November 2023.
• Trading volumes for POL have more than doubled in the last 24 hours.
• The token needs to break above its trend line resistance to target $0.30.

Current Performance

Polygon (POL) has emerged as one of the top-performing tokens, gaining 14.5% in the past 24 hours and accumulating a 35% increase over the last week. The token reached a high of $0.15 but has since started to retreat after a nine-day streak of gains.

Network Fees and Future Vision

Polygon's network fees have skyrocketed from $100,000 on January 2 to approximately $395,000 by January 5. This increase in fees is attributed to the anticipation surrounding Polygon's new initiative, the "Open Money Stack," aimed at enhancing global financial transactions.

Sandeep Nailwal, the founder of Polygon, articulated the vision for the Open Money Stack, emphasizing the need to revolutionize money transfer akin to how the internet transformed information sharing. The initiative will integrate various components, including blockchain infrastructure, payment networks, and decentralized applications.

Market Dynamics

The recent surge in trading volumes, which saw a 167% increase with $280 million worth of POL traded in just 24 hours, indicates strong buying pressure. The price has shown resilience, bouncing off the $0.10 support level during a recent downtrend.

However, the Relative Strength Index (RSI) suggests that the token may be entering overbought territory, indicating a potential pullback. If POL can break through the $0.16 resistance, it could aim for $0.30, representing a potential 100% upside in the coming months.

Conclusion

As Polygon continues to roll out its Open Money Stack initiative, the market is closely watching its price movements and trading volumes. The current bullish sentiment, coupled with the strategic vision for the future, positions POL as a token to watch in the upcoming months.