Date: Wed, July 09 2025 | 07:15 AM GMT

As Q3 kicks off, the cryptocurrency market continues its impressive rally from Q2. Ethereum (ETH) is leading the charge, trading near $2625 with strong 7% gains in the last 7 days. Riding this momentum, many altcoins are setting up for potentially big moves — including Polygon (POL).

$POL has already climbed more than 7% in the today extended its weekly gains to 11%. But beyond the numbers, what’s catching more attention now is the latest breakout that could lead it to more upside.

Source: Coinmarketcap

POL Mirrors SEI’s Breakout Structure

A look at POL’s chart shows it recently completed a textbook falling wedge pattern, a widely-recognized bullish reversal formation. The breakout was confirmed as soon as SEI surged above the wedge structure and flipped all three major moving averages — the 50-day, 100-day, and 200-day MAs — into support. From there, SEI soared by 76%.

SEI and POL Fractal Chart/Coinsprobe (Source: Tradingview)

Now, POL appears to be following the exact same roadmap.

The chart shows POL also broke out from a falling wedge and is now consolidating just beneath its 50-day and 100-day moving average resistance at $0.2097. This is the same kind of consolidation SEI experienced just before it exploded to the upside.

The fractal resemblance between POL and SEI is striking — from wedge breakout to the MA resistance coil. It’s giving traders a strong signal that a similar breakout might be just around the corner for POL.

What’s Next for POL?

To validate the bullish setup, POL needs to break and close above the $0.2097 level — its immediate resistance marked by the 50-day and 100-day moving averages. A strong move above this area, especially with volume support, could open the door for a rally toward its 200-day MA near $0.27, suggesting a potential 40% upside from current levels.

However, patience is key.

Until POL makes a clean breakout above resistance, there’s always a risk that it could consolidate longer or even fake out. Still, the pattern is hard to ignore — and if history repeats itself like it did with SEI, POL bulls could be in for an exciting ride ahead.

Disclaimer: This article is for informational purposes only and reflects the writer’s personal views. It is not financial advice. Always conduct your own research before investing in cryptocurrencies.