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Polygon jumps 31% on rising network activity but hits resistance at $0.12 amid strong crypto market.

Protocol Fundamentals
23 Aug 2026
AMBCrypto
View Source
Bullish
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Polygon's price surged over 31% in 24 hours, driven by a significant increase in network activity and a broader positive sentiment in the crypto market. Transaction counts and active addresses on Polygon have grown substantially, alongside sharp rises in decentralized exchange and perpetual contract volumes. Despite breaking a bullish pattern, Polygon faces resistance at $0.12, which may cause a short-term correction before potentially moving toward $0.18. The overall trend remains bullish unless support at $0.085 is lost.

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