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Polygon rebounds as 21Shares withdraws $11M POL, signaling potential trend reversal above $0.09.

Technical Signals
28 Oct 2026, 18:00 WIB
AMBCrypto
View Source
Bullish
Polygon rebounds as 21Shares withdraws $11M POL, signaling potential trend reversal above $0.09.

21Shares has withdrawn $11 million worth of Polygon (POL) tokens from Coinbase over the past month, often a positive sign as these tokens are staked, reducing supply on exchanges. Despite the Polygon ETP's poor performance, POL has shown signs of recovery, rising above $0.09 to a local high of $0.093 amid increased buying pressure. Technical indicators like RSI and MACD suggest improving market conditions, though sellers remain active. If buying momentum continues, POL could break above $0.1; otherwise, it may fall below $0.09 again.

Polygon (POL) is trading at Rp1.667 on Pluang, showing a 1.65% increase in the last day. Buyers dominate with 72% of order activity, and the typical hold time is 78 days. These figures are current as of Oct 28, 2026 22:23 WIB.

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