Polygon's price experienced a moderate pullback following a breakout above the $0.20 level, signaling a healthy retracement before a potential upward move.
A crypto analyst predicts an imminent explosive rally for Polygon towards the $1 mark, citing a classic bullish divergence signal on the 3-day chart.
The recent rebound of Polygon after hitting a low on April 7, coupled with increased volume and bullish recovery in the crypto market, indicates a potential major breakout.
Analyst projects a sustained rally towards $1, with a specific target of $1.15 for Polygon, based on technical indicators and Fibonacci extension levels.