Polygon’s (POL) downtrend continues as the coin rebounds after hitting an all-time low this month. But the coin has to make a higher low above the 50-day moving average for the downtrend to reverse. The price rebound comes after the network hit more than 7.5 million transactions. However, POL has only rebounded, but the downtrend still continues, and POL has to reach $0.08 if the trend should change.
POL rebounds but downtrend continues
Polygon has rebounded after hitting an all-time low of $0.068 on July 1. As shown in the chart below, the trend of POL making lower lows has been existing since the last month of 2025. Although the price has rebounded after making a new lower low, the downtrend still remains the same. For POL to break this downtrend, it needs to establish a new higher low, which rests on the 50-day moving average.
As POL is currently trading inside a bullish falling wedge, there is a high chance that the price could breakout upwards. Given that POL breaks out conventionally, it should appreciate by the height of the wedge at the beginning of formation.
Polygon network processes more than 7.5 million transaction in a week
Despite the price continuing to crash, the Polygon network has been making upgrades, and the on-chain figures have been impressive in the recent past. The Polygon network processing 7.5 million transactions in a week, its highest weekly total on record, signals a sharp increase in on-chain activity and network utilization.
This suggests that more users, decentralized applications (dApps), and protocols are actively using the blockchain for transfers, smart contract interactions, DeFi, NFTs, and other Web3 services. A sustained rise in transactions also reflects stronger adoption and growing demand for Polygon’s scalable infrastructure.
It strengthens the network’s fundamentals, reinforces developer and investor confidence, and highlights Polygon’s ability to handle high throughput while maintaining low transaction costs.
In addition to this, the network also maintained a deflationary model by burning more tokens than minting According to the CEO of Polygon, the network created 105.2 million POL, while 107.7 million POL has been burned through base fees.
