8 February POL Price Forecast: Will Polygon Meet Investor Expectations?

8 February POL Price Forecast: Triple Bottom Pattern Signals Major Upside

Polygon (POL), which is still gaining traction in the cryptocurrency industry, is thought to be the first step toward turning Ethereum (ETH) into the internet of blockchains by developing a complete multi-chain system. In this regard, cryptocurrency researcher Roxii recently noted that Polygon was aiming for the $0.75 range in the event that a triple bottom formation materialized.

POL is fighting to make the current level $.33 a support, this would be pretty much Polygon’s last line of defense. If a support is made, this could be a triple bottom pattern in the making. The upward target is $0.75.

Roxii

POL Holds Strong Support Between $0.36 and $0.50

POL has a critical support zone around the $0.36–$0.50 range, according to renowned market analyst Ali Martinez. He cited on-chain evidence that indicates substantial accumulation in this region. Given the high degree of investor confidence, if this level holds, it may serve as the basis for a possible comeback. However, additional downward pressure could be triggered by a breakdown below this area.

Polygon 2.0 and the Future of Layer 2 Scaling

After rebranding from MATIC to POL, Polygon has established itself as a cutting-edge Layer 2 (L2) scaling network that aims to improve Ethereum’s functionality. The project is centered on zero-knowledge (ZK) technology with the Polygon 2.0 upgrade, guaranteeing quicker, more economical transactions while preserving Ethereum’s security. Polygon’s contribution to blockchain scalability is still crucial as the use of L2 solutions grows.

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