Close Menu
iCoin MarketiCoin Market
  • News
  • Coins
    • Bitcoin
    • Altcoin
    • Ethereum
    • Stablecoins
  • Blockchain
  • Markets
  • NFTs
  • DeFi
  • Web3
  • Insights
  • Videos
  • More
    • ETF
    • Learn
    • Politics
Trending Now

Chainlink Bounces Back – Is $18 the Next Target for LINK? An Analysis…

July 10, 2025

PENGU Price Soars 30% Today After SEC Recognizes Canary’s ETF; Will It Hit $0.035 Next?

July 10, 2025

Tokenized Securities Remain Securities – SEC’s Peirce Issues a Warning!

July 10, 2025
Facebook X (Twitter) Reddit Telegram
Facebook X (Twitter) Reddit Telegram
iCoin MarketiCoin Market
 eToro
 Trading View
Login
Live Markets
  • News
  • Coins
    • Bitcoin
    • Altcoin
    • Ethereum
    • Stablecoins
  • Blockchain
  • Markets
  • NFTs
  • DeFi
  • Web3
  • Insights
  • Videos
  • More
    • ETF
    • Learn
    • Politics
Play Games Newsletter
iCoin MarketiCoin Market
Home»News
News

Why POL’s 10% Price Surge Could Halt Despite $10M in ETH Inflows

News RoomBy News RoomJuly 10, 2025No Comments3 Mins Read
Facebook Twitter Pinterest Telegram Email Tumblr Reddit LinkedIn
Demo

Polygon (POL) Soars Amid Ethereum Investor Influx: Is the Rally Sustainable?

Over the past 24 hours, Polygon (POL) has experienced a remarkable surge, with its value climbing by 10.43% to trade at $0.2065. This notable rally appears primarily driven by a significant liquidity injection from Ethereum investors, shifting funds into Polygon. Despite this impressive uptick, market analysis indicates that this rally might face potential hurdles due to looming resistance levels and increasing selling pressure from various market segments.

The recent surge is underscored by substantial inflows into POL. Total Bridge Netflow data illustrates that Ethereum investors have injected over $10.4 million into Polygon within the last day. Such a strong demand influx tends to ignite bullish trends, which aligns with the current positive price action observed in POL. However, as highlighted by AMBCrypto’s analysis, it’s essential to consider that this upward momentum might soon experience a slowdown, given the prevailing market conditions.

Examining the POL/ETH trading chart reveals that the price rally was not only fueled by increased capital but also coincided with a breakout from a descending channel, a pattern commonly associated with bullish behavior. Historically, such breakouts have seen POL rally to significant resistance levels. The current analysis points to a critical Fibonacci retracement level at $0.0000775, which poses a significant barrier for further gains. Previous interactions with this level have resulted in harsh rejections, suggesting that POL might find itself trapped in a range between $0.0000775 and a support level at $0.0000705 if unable to overcome this resistance.

Market sentiments further complicate the situation. Data from Coinalyze indicates a surge in Open Interest (OI) in the perpetual market, rising by 12.25% to $100.7 million. This uptick in trading activity could suggest a bullish sentiment; however, the Funding Rate has turned negative at -0.0011, indicating that most traders are favoring short positions. This mixed sentiment poses a challenge for the sustainability of POL’s rally, as it highlights a hesitancy among retail investors.

Additionally, recent trends in the spot market showcase increasing sell-side activity. CoinGlass data demonstrates that approximately $1.2 million worth of POL was liquidated by traders within a 24-hour period. If this trend of selling pressure continues, the implications for POL’s pricing could be significant, potentially leading to a deeper correction and a revisit of its base support levels.

In conclusion, while Polygon’s recent surge can largely be attributed to an influx of capital from Ethereum investors, the sustainability of this rally remains uncertain. With resistance levels in play and a growing tendency for traders to adopt short positions, one must remain vigilant. Market participants should closely monitor the evolving dynamics to assess whether POL can maintain its upward trend or if it will succumb to the pressures of market volatility. As always, prudent investment strategies centered on thorough research and market analysis will be essential in navigating the complexities of the cryptocurrency landscape.

Demo
Share. Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp

Related News

Chainlink Bounces Back – Is $18 the Next Target for LINK? An Analysis…

News July 10, 2025

Tokenized Securities Remain Securities – SEC’s Peirce Issues a Warning!

News July 10, 2025

Bitcoin: Why $112K Might Be Just the Beginning of BTC’s Surge!

News July 10, 2025

Charting XRP’s Future: Bulls Aim for $2.6, but Caution is Advised!

News July 10, 2025

$40M Lost! – Everything You Need to Know About the GMX V1 Hack and Key Takeaways to Consider

News July 10, 2025

Popcat Soars 16% as Whales Make Bold Accumulations

News July 10, 2025

Pump.Fun’s Token Sale Scheduled for July 12 – Targeting $600M and More…

News July 10, 2025

Ethereum Surpasses Bitcoin, Yet ETH’s All-Time High Remains Elusive – Why?

News July 10, 2025

Trump’s Truth Social Submits Application for a Blue-Chip Crypto ETF – Find Out More Inside!

News July 10, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

PENGU Price Soars 30% Today After SEC Recognizes Canary’s ETF; Will It Hit $0.035 Next?

July 10, 2025

Tokenized Securities Remain Securities – SEC’s Peirce Issues a Warning!

July 10, 2025

Pi Network News: Major Upgrade for Pi Node Enhances Decentralization

July 10, 2025

KULR Technology Group Achieves $101 Million in Bitcoin Holdings

July 10, 2025

Latest Articles

Bitcoin: Why $112K Might Be Just the Beginning of BTC’s Surge!

July 10, 2025

KULR Technology Invests an Additional $10 Million in Bitcoin, Enters 1,000-BTC Club

July 10, 2025

What’s Causing Pepe Coin to Rise Today?

July 10, 2025

Subscribe to News

Get the latest news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Reddit Telegram
2025 © iCoin Market. All Right Reserved.
  • Privacy Policy
  • Terms
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?