Polygon’s POL Rallies Over 50% on Steady On‑Chain Demand as Momentum Cools

Beincrypto reports POL, the Polygon network’s native token, surged more than 50% in a week on steady on‑chain demand rather than a single spike or headline-driven burst. On‑chain data shows steady usage through early January: daily unique addresses stayed firm and transaction activity rose in line with other major EVM networks, supporting the rally.

However, momentum signals are diverging—between mid‑October and early January price made lower highs while the RSI printed higher highs, a hidden bearish divergence that warns of cooling strength and rising pullback risk; the divergence would confirm if the next price candle forms under $0.174.

Large holders have reduced exposure—wallets holding 100 million–1 billion POL fell from about 743.6 million to 708.3 million starting around January 3, and the 10 million–100 million tier dropped from about 571.7 million to 563.0 million from around January 7—while retail cohorts holding 10–10,000 POL have increased balances.

Key Topics

Crypto, Pol Token, Rsi, Whales, Retail Investors, Santiment