Why POL can rise against the trend when the market is down today:
### Main reasons for POL's rise against the trend
1. **Token migration from MATIC to POL**:
- Polygon is conducting the migration from MATIC to POL, expected to gain support from major exchanges like Coinbase on August 26. This migration is seen as an important milestone for enhancing network efficiency and expanding the ecosystem, attracting optimistic sentiment and buying support from investors.
- The technical optimizations and ecosystem growth brought by the migration expectations are key factors driving the price increase of POL.
2. **Technical upgrades and network optimization**:
- Polygon has recently conducted the Heimdall v2 hard fork upgrade, which optimized network performance and led to a 31.94% surge in trading volume. The technical improvements and increased trading volume have created bullish market signals, further pushing up the price of POL.
3. **Increased ecosystem activity**:
- The stablecoin supply of Polygon has reached a three-year high (over $2.76 billion), reflecting increased ecosystem activity and capital inflow. This rise in activity has attracted more investor attention and supported the price increase of POL.
4. **Market forecasts and technical analysis**:
- Analysts expect POL to potentially rise by 32.53% by August 2025, with a price range between $0.17 and $0.24, and even higher up to $0.53-$0.78. These forecasts are based on technical breakthroughs and growth in adoption, further boosting market confidence in POL.
