POL — MATIC's successor as Polygon's native token — traded at $0.096 on November 4, up 4.19%, or about $0.004, with roughly ten hours remaining in the daily candle, according to the POL/USDT daily chart on TradingView, which draws on Binance prices as of 13:46 UTC. The intraday low of $0.089 had briefly dipped below the 200-day simple moving average (SMA) at $0.090, a line widely treated as a long-term trend gauge, and the price had since retook the 100-day SMA at $0.095. The 14-day RSI stood at 51.94 against its signal line at 41.53, while the nearest overhead band of references spans $0.098 to $0.101.

From $0.089 to $0.097 in One Session

The session opened at $0.092 and fell to $0.089, slightly beneath the 200-day SMA at $0.090 and below the 0.618 Fibonacci retracement near $0.091. From there, POL climbed through the 100-day SMA at $0.095 — a line it had struggled to hold in late October — and reached $0.097.

The session high stopped about 0.68%, less than a tenth of a cent, short of the 0.500 retracement around $0.098. Because the daily candle is still open, the move above the 100-day SMA counts only as intraday. Holding $0.095 into the close would mark the past week's trade below the 200-day SMA as a failed breakdown. Slipping back under that line would instead reduce the session to a long lower wick.

The September Floor, Tested Again

On the Fibonacci grid drawn from the early-July low to the late-August peak, the 0.618 level near $0.091 held as support through early and mid-September, before POL climbed to a secondary peak above $0.123. The October decline has carried the price back to the same area, with the 200-day SMA — flat since mid-September — running just underneath.

A second successful defense would mark $0.090 to $0.091 as the floor of a range dating back to September. Confirming it would require the next pullback to end without a daily close under $0.090.

The Shelf POL Lost in Mid-October

Overhead, three references cluster between $0.098 and $0.101: the 0.500 retracement around $0.098, the round $0.10 level, and the 50-day SMA at $0.101. POL's mid-October decline accelerated once the price broke below this shelf, and no daily candle has closed above it since.

The moving averages explain why the shelf carries weight. The 50-day SMA still runs above the 100-day at $0.095, which runs above the 200-day at $0.090, and the three are only about $0.011 apart — a band roughly 12.5% wide. Traders usually associate that ordering with an uptrend. Here, however, the 50-day has been sloping lower since its mid-October peak, and POL trades below it. Clearing $0.101 would put the price above all three daily averages at once.

RSI Clears 50 on a Partial-Volume Day

The 14-day RSI reads 51.94, above the 50 midline and 10.41 points above its signal line at 41.53. Daily momentum has moved back above neutral after spending most of October below 50.

Volume so far totals 28.44 million POL, roughly $2.73 million at the current price, with about ten hours of trading left. The figure will change before the close, so it says little yet about how much conviction backs the move.

The cautious reading rests on four details: volume is incomplete, the RSI is less than two points above 50, the 50-day SMA is still falling, and the price remains below the shelf where the October breakdown began. A rebound with those features can fade under $0.098 without breaking any support.

What the Daily Close Could Settle

The November 4 close at 00:00 UTC is the first test for either reading, and a daily close above $0.101 would be the second.

Bulls keep the 100-day line. A close above $0.095, with the RSI still above 50, leaves the session high and the midpoint band as the next hurdle. Getting through $0.101 on a closing basis would return POL above the $0.10 handle and all three averages. The 0.382 and 0.236 retracements on the same grid would then become the next references.

Sellers hold the midpoint band. A rejection from the $0.098 to $0.101 band that ends with a close under the 100-day SMA would keep POL inside the lower consolidation. The September floor between $0.090 and $0.091 would then be back within reach.

Both readings depend on closes that have not happened yet. The broader base holds while POL stays above the late-October lows around $0.086. A decisive daily close below that area would leave the 0.786 retracement near $0.081 as the next level down.