Polygon ($POL )

The price of POL recently bounced off the support level of $0.171, but it still cannot overcome the resistance at $0.190. After a 25% drop in mid-June, the market remains uncertain.

Polygon is preparing for a major network upgrade that will enhance its scalability. By the beginning of Q3, the network will be able to process 1,000 transactions per second with finalization in less than five seconds. This upgrade could improve the platform's performance, attract investors, and raise the altcoin's price.

The Chaikin Money Flow (CMF) indicator shows that capital inflows to Polygon are increasing, indicating heightened interest. If this trend continues, POL will have a chance to break through the resistance at $0.190 and reach $0.204. However, if the momentum weakens, POL may fail to overcome the resistance and drop below $0.171, and then $0.167, which would invalidate the bullish forecast.$HFT $WCT