Polygon (POL) December Setup: Can $0.35 Support Spark a Year-End Rebound?

Polygon's native token POL is staring down a crucial test. The $0.35 level has emerged as a critical support zone, and its defense could dictate the market's December narrative. All eyes are on whether this technical floor holds.

The Technical Crucible

For traders, the chart is clear. The $0.35 mark isn't just a random number—it's a convergence point where previous price action suggests buyers have stepped in before. A clean bounce here would signal that underlying demand remains intact, potentially setting the stage for a relief rally into the new year. A breakdown, however, opens the door to lower lows and a more prolonged consolidation phase. It's a binary setup with high stakes for short-term momentum.

Market Sentiment at a Crossroads

Beyond the charts, the broader crypto sentiment is doing the heavy lifting. A year-end rebound isn't just about Polygon's fundamentals—it's a bet on risk appetite returning to the digital asset space. Traders are gauging whether the current fear has been fully priced in or if there's more pain to come. A hold above support could be the catalyst that turns cautious optimism into genuine buying pressure, the kind that fuels those classic December rallies everyone on Crypto Twitter pretends they predicted.

The Verdict: Watch the Line

The path forward hinges on a simple price action. Holding $0.35 builds a case for recovery; losing it suggests the bears aren't finished. In a market that often moves on narrative as much as code, this technical level has become the story. Whether it becomes a launchpad or a trapdoor will be one of the month's defining trades—just another day in the volatile, glorious, and occasionally absurd casino of crypto finance.

VPVR and EMA 200 Highlight Heavy Overhead Pressure for POL

Polygon’s (POL) VPVR suggests strong overhead resistance and weak volume-backed support at current prices. The largest VPVR volume blocks sit above the current price, between $0.16 – $0.22, meaning sellers dominated this region earlier. With POL trading below these zones, it indicates low demand at current levels, making recovery harder without a strong catalyst.

POL’s EMA 200 acts as a major resistance zone, aligning with VPVR’s high-volume nodes. The EMA 200 (blue line) NEAR $0.22 is positioned far above the current price ($0.12). This large distance confirms POL is deep in a macro downtrend. Until price reclaims the EMA 200, long-term momentum remains bearish and rallies may be short-lived.

Technical Overview: Trend Direction and Key Price Barriers

Polygon (POL) currently has a market capitalization of approximately $1.25 billion, with a 24-hour trading volume of around $110.13 million. At press time, the altcoin is trading at $0.119, having decreased by 1.14% over the past 24 hours.

The price is moving in a bearish trend and is currently testing a resistance level near $0.138. If it breaks above this, the next target could be $0.140. On the downside, the support level is around $0.133. If the altcoin falls below this level, we might see a drop towards $0.120.

The blue line indicates the resistance level at $0.138, while the yellow line represents the support level at $0.133.

Polygon Posts Record-Breaking November as Fundamentals Strengthen

Vadim (@crypto_vadim) highlights a standout month for the Polygon ecosystem, driven by surging network revenue, an unprecedented POL burn, and steady on-chain activity despite broader market turbulence.

November is over – and it became a record month for Polygon!

Network REV hit an all-time high at over 6M POL.
Out of that, 4M POL was burned – also an all-time record, including the burn ratio!

TVL and stablecoin market cap remain stable and outperform many L1s, even while… pic.twitter.com/NDFTIgnLGh

With no token unlocks and consistent real usage, the post argues that POL’s fundamentals remain strong even while other chains experience outflows. The combination of high network engagement and a stable TVL positions POL as potentially undervalued heading into the next cycle.

Polygon (POL) remains cautious into December, given that both VPVR and the EMA 200 indicate significant overhead barriers that cap the strength of any attempted rebound. Lack of strong volume-backed support around current levels amplifies this risk of downside unless buyers can reclaim the key resistance zone around $0.16-$0.22.

In order for POL to have a meaningful year-end recovery towards $0.35, it needs to first break above these heavy supply zones and close consistently above the EMA 200 trendline.