- Polygon price pumped to highs of $0.15 amid a 15% spike.
- The POL token rose on Thursday as Bitcoin tried to bounce off its latest lows around $90,000.
- Open Money Stack and the potential Coinme acquisition buoyed buyers.
Polygon (ex-MATIC) saw a sharp 15% price surge in the past 24 hours, with the token inching to its highest level in a month amid broader cryptocurrency weakness.
The POL token traded around $0.14 at the time of writing, with trading volume up 137% to $228 million.
While Bitcoin seemed to struggle with downside pressure on Friday, the Polygon price spiked.
Data showed a double-digit rally, allowing the bulls to hit intraday highs of $0.15, gains that have added to renewed momentum following the ex-MATIC token’s rise from lows of $0.09 on January 1, 2026.
Polygon price today: Why is POL soaring?
As noted, the Polygon token’s price jumped to near $0.15 as the community reacted enthusiastically to key project-related developments.
Pivotal among these are plans to make the network the future of on-chain money.
News of what lies ahead in 2026 appears to have boosted bullish sentiment for the Ethereum Layer-2 scaling solution.
The vision is outlined by Polygon co-founder Sandeep Nailwal and Polygon Labs CEO Marc Boiron.
Specifically, the project has announced Open Money Stack, a modular framework designed to bridge fiat and on-chain settlement.
Instead of creating a closed ecosystem, the Open Money Stack is built to be interoperable, allowing businesses to adopt only the components they require while remaining connected to other networks.
Polygon presents this approach as a move toward making blockchain-based payments as seamless as those in traditional financial systems.
According to Nailwal, “all money will move on-chain over time,” and Open Money Stack positions Polygon as a foundational infrastructure for the next era of programmable finance.
Another news that buoyed bulls was the report that Polygon is close to sealing a $100-$125 million acquisition of Coinme, a prominent Bitcoin ATM operator.
Coinme is one of the largest crypto ATM platforms and has a presence across 49 US states.
The acquisition represents a strategic move for Polygon and is key to the quest to bridge traditional fiat infrastructure and blockchain technology.
Investors are showing confidence amid these developments.
Overall, these moves signal the L2’s ambitious evolution.
Polygon price forecast
Bulls are hovering at a month high after breaking above the key resistance at $0.13.
Market conditions suggest caution is warranted. However, Polygon’s trajectory could extend upwards if bullish momentum persists.
The token’s recent breakout from lower levels showed bullish strength.
Buyers feared for the worst when POL dropped below $0.10, but amid a notable bounce, the next critical threshold lies at $0.20.
If bulls successfully reclaim this level, it could pave the way for a more substantial rally.
Immediate supply wall pressure above the $0.20 area will be $0.27 and $0.30, with the near term allowing for a retest of $0.50 range.
On the downside, year-to-date lows of $0.09 remain a key target.
The extended RSI on the chart above suggests potential pullback amid profit-taking.
