Polygon (POL) To Rally Higher? Key Emerging Fractal Signaling Potential Upside Move

Bitget App

Trade smarter

Bitget

News

CoinsProbe2025/08/24 20:30

By:Nilesh Hembade

Date: Fri, Aug 22, 2025 | 06:25 PM GMT

The cryptocurrency market turned bullish in the last hour after Jerome Powell hinted at potential rate cuts in September during today’s Jackson Hole event. Following the remarks, Ethereum (ETH) surged over 7% past $4,600, fueling strong momentum across altcoins , including Polygon (POL).

POL has gained 6% in the past 24 hours, and its chart is now showing a bullish fractal structure that closely mirrors the breakout recently witnessed in Bio Protocol (BIO).

Polygon (POL) To Rally Higher? Key Emerging Fractal Signaling Potential Upside Move image 0

Source: Coinmarketcap

POL Mirrors BIO’s Breakout Structure

BIO’s earlier price action offers a roadmap for POL’s potential. Earlier this year, BIO broke out of a falling wedge pattern, a classic bullish reversal setup. After the breakout, BIO consolidated just under a major resistance zone (highlighted in red). Once it cleared this barrier, the token accelerated sharply, reclaiming multiple resistance levels and ultimately delivering a 240% rally.

Polygon (POL) To Rally Higher? Key Emerging Fractal Signaling Potential Upside Move image 1

BIO and POL Fractal Chart/Coinsprobe (Source: Tradingview)

POL appears to be tracing the same trajectory.

The token has already broken out of its own falling wedge formation and is currently pressing against a critical resistance zone near $0.2635, marked in red on the chart.

What’s Next for POL?

If this fractal continues to play out, a decisive breakout above $0.2635 could be the spark for a new bullish wave. The next upside targets sit at $0.3345 and $0.5170, representing a potential 104% move higher from current levels, should POL replicate BIO’s explosive pattern.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Quick Take Summary is AI generated, newsroom reviewed. The conclusion of the 120-day OCC review for Ripple National Trust Bank is set for October 30. Approval could allow Ripple to manage digital assets under a national banking license and integrate its blockchain with the U.S. financial system. Ripple's strong compliance and utility-based approach, including its RLUSD stablecoin, may fast-track the approval process. The potential bank approval is seen by investors as a major validation of Ripple's long-te

coinfomania•2025/10/30 03:18

Whoever can help the US reduce its debt with cryptocurrency will become Powell's successor.

The article explores the true motivation behind the change in the Federal Reserve chair, pointing out that the core issue is the massive U.S. national debt and fiscal deficit, rather than inflation. Trump has hinted at the possibility of using cryptocurrencies to address the debt problem, and the next chair may promote the integration of digital assets as national financial tools. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, are still in the process of iterative improvement.

MarsBit•2025/10/30 02:44