The post Polygon (POL) Price Pulls Back on Layoff News: But the Chart Signals a Different Story appeared on BitcoinEthereumNews.com. The post Polygon (POL) PriceThe post Polygon (POL) Price Pulls Back on Layoff News: But the Chart Signals a Different Story appeared on BitcoinEthereumNews.com. The post Polygon (POL) Price

Polygon (POL) Price Pulls Back on Layoff News: But the Chart Signals a Different Story

The post Polygon (POL) Price Pulls Back on Layoff News: But the Chart Signals a Different Story appeared first on Coinpedia Fintech News

Polygon (POL) price is pulling back as crypto markets slow, but the move is raising more questions than concern. As broader altcoins consolidate, POL has slipped toward $0.145, easing from recent highs after reports that Polygon Labs cut around 30% of its workforce. 

The headline briefly weighed on sentiment, coming just days after POL price delivered a sharp recovery from December lows. Yet while the news grabbed attention, Polygon price structure tells a more nuanced story. Instead of breaking down, POL is holding above key post-breakout levels, suggesting that the market may be absorbing headlines rather than repricing the trend.

That dilemma between negative flows and resilient price structure now sits at the center of Polygon’s-short term outlook.

Polygon (POL) Chart Tells a Different Story

For the past few months, Polygon (POL) traded inside a descending channel, printing lower highs and lower lows that defined a broader downtrend. That bearish structure was invalidated in late December, when price broke decisively above the channel’s upper trendline, signaling a trend reversal.

The breakout sparked a swift surge from the $0.10 region toward the $0.18 resistance zone, where supply temporarily capped further upside. Since then, Polygon price has retraced in a controlled manner toward $0.14-$0.16, a zone that now aligns with former channel resistance turned support.

As Polygon chart structure showcases a textbook breakout and retest pattern, until POL price holds strength above $0.135, the bullish structure remains intact. A sustained reclaim of $0.16 could revive momentum toward $0.19, with a broader extension toward $0.20-$0.23 if sentiment and participation improves.

Layoff Headlines Trigger Caution, Not Capitulation

Reports indicate the workforce reduction follows Polygon’s aggressive $250 million acquisition push, including deals designed to strengthen its Open Money Stack and accelerate stablecoin payments and real-world financial use cases. 

However, the announcement landed as POL price was already cooling from a sharp rally, creating a natural window for profit-taking. The result was a pullback, but not the kind typically associated with panic or structural weakness.

While Polygon price retraces and consolidates near the key zones, POL’s ecosystem metrics continue to strengthen. The network consistently ranks among the most active Layer-2 networks by user engagement, reflecting steady adoption across DeFi, gaming and payments use cases.

Despite the negative headlines, Polygon (POL) price holds support above $0.14 suggests controlled retracement. As long as POL price holds support, the broader recovery remains intact.

Source: https://coinpedia.org/price-analysis/polygon-pol-price-pulls-back-on-layoff-news-but-the-chart-signals-a-different-story/

Market Opportunity
Polygon Ecosystem Logo
Polygon Ecosystem Price(POL)
$0.1107
$0.1107$0.1107
-1.16%
USD
Polygon Ecosystem (POL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Shibarium May No Longer Turbocharge Shiba Inu Price Rally, Here’s Reason

Shibarium May No Longer Turbocharge Shiba Inu Price Rally, Here’s Reason

The post Shibarium May No Longer Turbocharge Shiba Inu Price Rally, Here’s Reason appeared on BitcoinEthereumNews.com. Shibarium, the layer-2 blockchain of the Shiba Inu (SHIB) ecosystem, is battling to stay active. Shibarium has slipped from hitting transaction milestones to struggling to record any transactions on its platform, a development that could severely impact SHIB. Shibarium transactions crash from millions to near zero As per Shibariumscan data, the total daily transactions on Shibarium as of Sept. 16 stood at 11,600. This volume of transactions reflects how low the transaction count has dropped for the L2, whose daily average ranged between 3.5 million and 4 million last month. However, in the last week of August, daily transaction volume on Shibarium lost momentum, slipping from 1.3 million to 9,590 as of Aug. 28. This pattern has lingered for much of September, with the highest peak so far being on Sept. 5, when it posted 1.26 million transactions. The low user engagement has greatly affected the transaction count in recent days. In addition, the security breach over the weekend by malicious attackers on Shibarium has probably worsened issues. Although developer Kaal Dhairya reassured the community that the attack to steal millions of BONE tokens was successfully prevented, users’ confidence appears shaken. This has also impacted the price outlook for Shiba Inu, the ecosystem’s native token. Following reports of the malicious attack on Shibarium, SHIB dipped immediately into the red zone. Unlike on previous occasions where investors accumulated on the dip, market participants did not flock to Shiba Inu. Shiba Inu price struggles, can burn mechanism help? With the current near-zero crash in transaction volume for Shibarium, SHIB’s price cannot depend on it to support a rally. It might take a while to rebuild user confidence and for transactions to pick up again. In the meantime, Shiba Inu might have to rely on other means to boost prices from its low levels. This…
Share
BitcoinEthereumNews2025/09/18 07:57
Shiba Inu to Encrypt All Transactions by Q2 2026 as Privacy Era Takes Hold

Shiba Inu to Encrypt All Transactions by Q2 2026 as Privacy Era Takes Hold

On the Shibarium roadmap, SHIB, BONE, LEASH and TREAT will be FHE shielded in Q2 2026,  as confirmed by Zama CEO Rand Hindi. The plan includes confidential balances
Share
Crypto News Flash2026/01/30 22:34
Tokenized Real-World Assets (RWA): Why Institutions Are Moving On-Chain in 2026

Tokenized Real-World Assets (RWA): Why Institutions Are Moving On-Chain in 2026

Finance is changing shape. Not overnight, not loudly, but steadily. One of the clearest signals of that shift in 2026 is the growing institutional move toward tokenized
Share
Blockchainmagazine2026/01/30 22:10