Polygon (POL) is showing renewed bullish momentum following a key breakout, with buyers defending the support zone they recently reclaimed. POL, which replaced the legacy MATIC token as the network's native asset in a migration that began in September 2024, is used for fees and staking across Polygon's family of Ethereum scaling networks. Separately, Revolut has launched its EURR stablecoin on the Polygon network, a move that strengthens euro-based blockchain payments and deepens the network's connection with traditional financial services.

At the time of writing, POL trades at $0.1110, with a 24-hour trading volume of $172.02 million and a market capitalization of $1.18 billion. Although the token is down 10.35% over the last 24 hours, its price structure and growing network adoption are cited as pointing toward a bullish reversal ahead. (Data: CoinMarketCap)

POL Price Eyes $0.185 After Key Breakout

According to crypto analyst Alpha Crypto Signal (X post), POL's renewed bullish momentum follows a break above a major horizontal resistance zone on strong volume. The analyst reads the move as a sign of growing buyer interest and suggests the breakout could mark the beginning of another upward leg. As long as POL continues holding above the reclaimed area, the bullish structure remains intact and higher price levels stay within reach for traders, the analysis notes.

The former resistance breakout zone now becomes an important support zone for the POL price, where buyers are expected to try to hold ground in the event of a correction. Under this setup, an extended period of trading above the zone could drive the price toward the $0.185 target level — about 67% above POL's current price — while a clear break below the breakout zone would undermine the bullish case.

Revolut Launches EURR Stablecoin on Polygon

Data shared by Polygon (X post) highlighted that EURR, a stablecoin backed by euros, has been launched by Revolut on the Polygon network as part of an effort to bridge traditional finance and blockchain payment systems. Revolut, one of Europe's largest neobanks, serves more than 50 million customers worldwide, making EURR a high-profile test of euro-denominated digital cash reaching mainstream retail finance. EURR is designed to hold a stable value of €1, allowing users to represent their euros digitally on the blockchain network.

The stablecoin will be issued by Bridge Building S.A., a Stripe-owned and regulated entity; Stripe acquired stablecoin infrastructure firm Bridge in a deal reported at roughly $1.1 billion in early 2025, its largest acquisition to date. According to Revolut, EURR will enable transactions in fiat currency, cryptocurrency, third-party wallets, and other on-chain services. The launch is expected to benefit euro-backed stablecoins and positions Revolut for widespread use of blockchain technology in financial infrastructure. The move comes as euro-denominated stablecoins remain a small slice of a global stablecoin market dominated by dollar-pegged tokens such as Tether's USDT and Circle's USDC, and as the EU's Markets in Crypto-Assets (MiCA) regulation, whose stablecoin rules took effect in 2024, provides issuers a harmonized rulebook across the bloc. Polygon itself has previously hosted institutional pilots, including JPMorgan's foreign-exchange tokenization tests under Singapore's Project Guardian.

Despite the bullish price predictions and strong network growth, the POL price is currently moving in a downward direction. The move is attributed to the cautious environment in the crypto market, as Bitcoin trades sideways after its recent surge.

What Happens Next?

The POL price is likely to hinge on buyers' ability to defend the newly formed breakout pattern, according to the analysis. Maintaining the support level would reinforce the bulls' strength and keep the $0.185 objective within reach, while a failure to hold would invalidate the trade pattern. In addition, Revolut's EURR tokenization on Polygon would drive more traffic on the network.

Note: This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.