Polygon POL slides below $0.09 as sellers gain ground

• Polygon’s native token POL drops over 2%, trading at $0.088 as sellers dominate the market and technical signals remain bearish
• Analysts maintain a bullish long-term outlook fueled by enterprise partnerships and ongoing technology updates despite rising competition

On November 7, 2026, Cryptopolitan reported that Polygon’s POL token dropped more than 2% to $0.088 amid a surge in selling pressure and elevated trading volumes. The bearish move saw traders attempt to defend the $0.09 support level in the face of clear negative momentum.

Technical indicators supported the downtrend: the relative strength index (RSI) remained below 45, while the moving average convergence divergence (MACD) charted red candles beneath its signal line. POL’s price also slipped below key resistance levels, underscoring the dominance of selling activity in the short term.

Despite the decline, trading activity intensified, with 24-hour volumes reaching $3.4 million as participants targeted stability near $0.09. This uptick signaled efforts to maintain crucial support, although the immediate outlook stayed negative.

Analyst forecasts from LiteFinance and Cryptopolitan remain optimistic over the long run. Projections for 2026 see POL potentially reaching highs of $0.28 and averaging around $0.22. By 2032, targets rise above $1, and estimates for 2040 suggest further upside if Polygon’s ecosystem expansion continues.

Much of this bullish sentiment is built on Polygon’s expanding enterprise relationships with brands like Starbucks, Adidas, Prada, Disney, and Mastercard. The Polygon 2.0 roadmap and progress on zkEVM solutions are also cited as drivers for future growth.

Nevertheless, competition is heating up. Ethereum scaling solutions such as Arbitrum, Optimism, and Starknet are challenging Polygon’s market share, which could affect both price action and user adoption in the medium to long term, according to Blockchain News and related sources.

As of November 7, 2026, 15:10 UTC, Polygon (POL) was trading at $0.091, down 2.2% in the past 24 hours, according to Market Survey.