Polygon’s native token POL led weekend gains in the cryptocurrency market, climbing 16% from Friday to early Monday and briefly surpassing $0.29—the highest level since March. The token later retraced slightly, settling just below $0.28, according to CoinDesk data.
The CoinDesk 20 Index (CD20) remained largely flat during the period, with bitcoin hovering around $111,000 and ether posting only modest gains.
While no single event clearly triggered POL’s rally, several recent developments may have contributed. Polygon was highlighted in a U.S. government initiative aimed at publishing key economic indicators, such as GDP, on blockchain networks. Additionally, the project announced a new integration with USDT0, a Tether-focused cross-chain stablecoin protocol, potentially enhancing Polygon’s position as a hub for stablecoin liquidity.
From a technical perspective, CoinDesk Research models flagged the breakout as a sign of strong bullish momentum. Analysts noted that buying interest in the $0.277–$0.278 range could provide a solid support level, laying the groundwork for potential further gains.
