Why Polygon (POL) Surged 16% and Where Could It Go?

Polygon (POL) is up 16%! Discover the reasons behind the price jump, including 'Open Money Stack' and strong buying pressure. Will it continue?

Written by Simon Dumoulin

Translated on January 10, 2026 at 04:45 by Simon Dumoulin

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The “Open Money Stack” Effect Awakens the Bulls

The main catalyst behind this bullish explosion isn’t just technical—it’s fundamental. Sandeep Nailwal, CEO of Polygon, unveiled the “Open Money Stack” vision, a new architecture designed to redefine how money is used on the blockchain. This announcement acted as a real shot in the arm for market sentiment, reassuring investors about the project’s long-term roadmap.

The market reacted instantly. While the POL token (formerly MATIC) had been stagnating, this news triggered a wave of institutional and retail buying. Within 24 hours, the project’s market capitalization surged by more than 18%, confirming that fundamentals remain a powerful driver of price action, even in an uncertain market.

Comparison of Polygon (MATIC) buy and sell volume on the spot market according to Coinalyze — Source: Coinalyze

Analysis: Buying Pressure That Crushes Resistance Levels

From a technical standpoint, the move is surgical. After successfully defending the psychological support level of $0.10 last week, POL strung together nine consecutive days of higher highs. This structure is typical of an aggressive trend reversal.

Volume confirms the strength of the move: trading volume exploded by 98% over the last 24 hours. Even more impressive, the buy/sell delta is clearly in favor of the bulls. According to on-chain data, buy volumes (114.6 million) significantly outpace sell volumes (110 million), signaling aggressive accumulation by investors absorbing available supply.

The price reached a peak of $0.151, a level not seen since November. By breaking through this glass ceiling, POL is sending a strong signal: the sellers who dominated in December have capitulated in the face of this new dynamic.

Accumulation and distribution chart of the Polygon (POL) token

Can POL Reach the $0.17 Resistance?

The question now is whether this breakout can transform into a sustainable trend. The market seems to have validated the reversal, but obstacles remain. If buyers can maintain the price above the $0.15 zone, the path appears clear to test the next major resistance identified at $0.17.

However, traders will need to watch for a potential short-term correction. After a vertical 18% surge, a retracement to test former highs is a classic scenario. If support holds, Polygon could well be on track to initiate a new bullish cycle in this early part of 2026.

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Simon Dumoulin

Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.

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