Brief Summary
A 3.37% increase $POL in the last 24 hours reflects leadership changes, cross-chain expansion, and strong technical momentum.
Leadership change: Co-founder Sandeep Nailwal became CEO of the Polygon Foundation on June 11, indicating a new strategic focus.
Cross-chain utilization: POL integration with Solana via Wormhole NTT on June 13 strengthens the interoperability narrative.
Technical recovery: The price has again breached the main EMA after stabilizing at support levels around $0.20.
In-depth Discussion
1. Main trigger: Leadership restructuring
On June 11, the price of POL surged by 6% to $0.24 after Sandeep Nailwal—Polygon's largest POL holder—officially became CEO (CoinJournal). His roadmap includes:
Halting zkEVM in 2026 to focus on Polygon PoS (with a target of over 5,000 transactions per second by September)
Launching AggLayer v0.3 which supports cross-chain interoperability by the end of June
Directing foundation resources towards the development of real-world asset (RWA) infrastructure
This leadership change reduces uncertainty for POL holders, as seen from the trading volume surge of 48% reaching $185 million on the announcement day.
2. Supporting factors: Ecosystem development
Integration with Solana: Since June 13, POL can be transferred to the Solana network via Wormhole's NTT framework, with staking and governance features remaining active (CMC). This expands POL's reach to non-EVM blockchains.
Gigagas Roadmap: Plans to increase throughput on June 12 (targeting 100,000 TPS by 2026) align with institutional partnerships in the RWA space, including Stripe and BlackRock.
Market context: Although POL has underperformed compared to BTC (-11% vs +2.1% in 30 days), the rise in the last 24 hours coincides with an increase in the altcoin season index from 25 to 28.
3. Technical context: Recovery from oversold conditions
EMA crossover: The 20-day EMA ($0.210) crossed the 50-day EMA ($0.223) on June 15, indicating bullish momentum (Alpha Crypto Signal).
Key levels: The price successfully broke through the pivot point at $0.205 with the next resistance at the Fibonacci level of 23.6%, at $0.2415. The RSI-14 index rose from 33 to 39, exiting the oversold zone.
Volume confirmation: 24-hour spot trading volume increased by 7.99% to $99.1 million, supporting the breakout.
Conclusion
The rise of POL is the result of a combination of trust driven by leadership changes, expanded cross-chain utility, and a technical recovery from oversold conditions. With the scheduled launch of AggLayer at the end of June, will this improvement in interoperability metrics drive sustained demand for POL's role in multichain governance?
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