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Coinpedia Fintech News
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POL (prev. MATIC) Price Rebounds Sharply—Will It Break the Consolidation & Hit $0.3?
The post POL (prev. MATIC) Price Rebounds Sharply—Will it Break the Consolidation & Hit $0.3? appeared first on Coinpedia Fintech News
Polygon’s native token, POL (formerly MATIC), is showing signs of a strong recovery after a prolonged consolidation phase. With renewed bullish momentum and rising trading volumes, investors are eyeing the crucial $0.30 resistance level. The recent price action suggests growing confidence among traders, possibly fueled by ecosystem upgrades and increased on-chain activity. As POL price inches closer to a potential breakout, the key question remains: can it sustain the momentum and reclaim its bullish trend?
Why Is the POL Price Rising?
Polygon’s transition to POL from MATIC is gaining momentum, backed by key network upgrades like the Bhilai upgrade, which went live in July 2025. This major upgrade boosted throughput to over 1,000 TPS, reduced finality to ~5 seconds, and slashed gas fees, positioning Polygon as one of the fastest and cheapest chains in the space. Alongside this, the AggLayer v3.0 rollout under the Polygon 2.0 roadmap introduced advanced ZK-powered interoperability, enabling seamless cross-chain communication and liquidity.
The migration from MATIC to POL is nearly complete, with over 92% of tokens converted, and POL now powers gas, staking, and governance across the network. On-chain activity remains strong with 1.6M+ daily users and $1B+ TVL, signalling robust demand. These developments reinforce Polygon’s long-term goal of hitting 100,000 TPS by 2026.
Will the POL Price Reach $0.3 in August 2025?
After a rejection at $0.76 last year, the POL price has been maintaining a steep descending trend but stabilized between $0.16 and $0.25. The tokens continue to trade within the range, while the latest rebound has revived the bullish possibilities. The token has started a V-shaped recovery, which may be validated after securing the range above $0.25. The technicals have flashed a bullish signal, and hence, the POL price is believed to maintain a healthy upswing.
After the latest upswing, the token has risen above the Ichimoku cloud, while the price is trading between the base & conversion line. This suggests the growing bullish momentum and with the bullish crossover of the lines, the POL price is expected to clear the resistance zone and reach the upper resistance at $0.25. Meanwhile, the MACD shows a drop in the selling pressure while the levels are heading towards a bullish crossover that may strengthen the ongoing ascending trend.
Therefore, the price of POL (formerly MATIC) could rally toward the $0.30 mark if it successfully breaks out of the current consolidation pattern, supported by strong network fundamentals and growing market interest. However, if the token fails to breach this key resistance zone, it may continue to trade sideways within the existing range, delaying any significant upward move. A decisive breakout remains crucial for confirming a bullish reversal and setting the stage for a sustained price rally.
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Coinpedia Fintech News
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Solana Price Steadies Near $167: Is It the Perfect Buying Opportunity?
The post Solana Price Steadies Near $167: Is It The Perfect Buying Opportunity? appeared first on Coinpedia Fintech News
The Solana price has efficiently bounced nearly 8% in early August after a sharp 25% decline from July highs. This rebound comes as key technical levels hold and sentiment flips bullish, despite macroeconomic concerns.
The renewed interest is being supported by rising active addresses, funding rate data, and a crucial trendline support bounce on the daily chart.
Solana Price Today: Recovery Gathers Momentum After Sharp Correction
After reaching a July peak of $206, the Solana price saw a swift correction, mainly from profit booking, shedding over 25% to reach lows near $155.
However, a quick reversal followed, where altcoin surged nearly 8% in early August. When writing, the Solana price today is exchanging hands at around $167. This recovery is backed by an improving market sentiment and positive fundamentals.
One of the biggest sentiment drivers came from the announcement of Solana’s Seekers Mobile initiative on Monday, which seems to have turned bearish outlooks into renewed bullish expectations. This optimism is further echoed in Solana’s derivatives data, too.
More closely looking at the CoinGlass platform, it revealed that the OI-Weighted Funding Rate flipped positive on Tuesday. This clearly showed an important key signal representing bullish positioning rising among futures traders.
This aligns with increasing 24-hour active addresses shown in Santiment data, reflecting growing user interest.
Moreover, Total Value Locked (TVL) on the DefiLlama platform has started trending upward and amounted to $9.84 billion currently.
SOL Price Chart Shows Technical Breakout Potential
Technically, the SOL price today is attempting to reclaim critical EMAs. The asset has already breached the 50-day Exponential Moving Average and is now approaching the 20-day EMA band.
This move higher is notably occurring after the Solana price rebounded from a well-respected trendline support in early August.
The trendline, which has acted as a springboard multiple times before, once again proved reliable, with the current surge validating its strength.
Looking at the SOL price chart, a successful move above the $195 resistance zone is needed to revisit July’s highs near $206. Should this level be cleared, the Solana price prediction range stretches to $238-$258.
Historical Patterns Hint at Larger Upside Potential
Interestingly, this is not the first time Solana has tested such a trendline for support. Similar bullish setups in the past, particularly in 2023, led to strong rallies. A third retest of this kind has now been observed again in 2025.
This historical repetition gives weight to theories of a parabolic breakout, though immediate targets remain moderate.
If the short-term resistance near $195 is breached convincingly, the stage may be set for the SOL price USD to challenge $206 again and potentially make new yearly highs.
$SOL looks ready for a pump here.Don’t bet against history. pic.twitter.com/KwvxA0bwbl
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余烬Ember
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Update: 5 minutes ago, added a short position of 7,000 ETH, currently his ETH short position has reached 57,000 ETH ($204 million). Opening price $3632, liquidation price $3727.
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余烬Ember
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This... has dropped a bit. "Insider Brother" feels like he can do it again: he increased his short position 20 minutes ago.
His $300 million short position has been reduced to below $100 million after multiple liquidations. After tonight's drop, he increased his position again, and now he has reopened his short at $132 million. He is still using a trading strategy that leaves no margin for error, with a liquidation price very close. If there is a rebound, he will have to stop loss/liquidate again.
Currently, his BTC liquidation price is at $114,210, and the ETH liquidation price is at $3,822. Address🔗👉: 0x916ea2a9f3ba1ddd006c52babd0216e2ac54ed32