POL's recent market movement is indeed eye-catching. Rising 37.6% from the year-low of $0.098, it's now firmly holding above the 50-day moving average. Looking upward, breaking through the $0.138 resistance could open the door to $0.155. However, don't get too excited—downside risks are worth watching. If it breaks below $0.129, a retest of $0.119 is likely.

To be honest, as a veteran L2 project, Polygon's fundamentals are solid. This recent crash is less about project issues and more about market sentiment and capital flows. Market conditions have warmed up recently, and large capital is hunting for undervalued opportunities—POL does have some room for catch-up gains. That said, there's a prerequisite: the broader environment needs to improve. Even the most bullish individual token struggles to outperform during bear markets or prolonged consolidation.