Polygon (POL) Price Set to Explode? Expert Predicts 3x Gains by May

Polygon (POL) is getting a lot more attention in the crypto community after breaking out of a long downtrend. Technical signals are now hinting at a possible

Crypto analyst Lucky, known for his large following of over 2 million on X, recently broke down the technical setup of Polygon (POL) in a post on the platform.

The analysis, which was shared with his followers, focused on the token's integration into an accumulation zone after breaking out of a falling wedge pattern. The setup, which is often seen before a bullish reversal, could send Polygon’s price up to 3x by May.

Prolonged Correction Sets Stage For POL Breakout

After hitting a peak of around $0.75 in December 2024, the price of POL began a prolonged correction, forming a falling wedge pattern that spanned until mid-March 2025.

Throughout this period, the token dropped gradually, finding stability in an accumulation zone between $0.20 and $0.25. This pattern was accompanied by a gradual decrease in volume, indicating a potential exhaustion of sellers.

Crucially, the price broke through the wedge’s resistance line, which is typically associated with a potential trend reversal. Technical analysts often view this formation as a foundation for a new phase of price movement in the same direction.

POL Key Price Zones Identified

Following the breakout, several price levels are being closely monitored. Immediate resistance is anticipated around the $0.30 to $0.35 range. If the token sustains its upward trajectory, the next key zone is located between $0.48 and $0.50. The previous high of $0.75 remains a more distant target, pending confirmation of continued bullish momentum.

On the support side, the accumulation zone around $0.22 to $0.26 is provides a buffer for potential downward pressure. This area showcases price stability and potential accumulation activity, which aligns with technical trading setups that precede upward breakouts.

Polygon Technical Structure Supports Upside Bias

The falling wedge on the chart is characterized by two converging downward-sloping lines that indicate decreasing market volatility. Inside this pattern, the price of Polygon consistently moved lower, forming a series of progressively lower peaks and troughs. This price behavior ultimately culminated in a breakout around mid-March.

Typically, wedge breakouts are accompanied by an increase in trading activity, which would be consistent with bullish setups that often follow these formations. The analyst highlighted the "attractive risk/reward" at current levels, which is further supported by the rounded bottom structure and the breakout confirmation.

The post by crypto analyst Lucky has sparked interest in POL’s technical setup.

With the broader market remaining uncertain, altcoins showing structural reversal patterns are garnering more attention from traders. The chart, combined with the public analysis, has positioned POL’s price as a potential candidate for upside continuation through the coming weeks.

As the price remains near the post-breakout zone, traders and analysts are continuing to observe POL for validation of a sustained move toward higher resistance levels.

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