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)
$0.1127
$0.1127$0.1127
+0.62%
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

China Launches Cross-Border QR Code Payment Trial

China Launches Cross-Border QR Code Payment Trial

The post China Launches Cross-Border QR Code Payment Trial appeared on BitcoinEthereumNews.com. Key Points: Main event involves China initiating a cross-border QR code payment trial. Alipay and Ant International are key participants. Impact on financial security and regulatory focus on illicit finance. China’s central bank, led by Deputy Governor Lu Lei, initiated a trial of a unified cross-border QR code payment gateway with Alipay and Ant International as participants. This pilot addresses cross-border fund risks, aiming to enhance financial security amid rising money laundering through digital channels, despite muted crypto market reactions. China’s Cross-Border Payment Gateway Trial with Alipay The trial operation of a unified cross-border QR code payment gateway marks a milestone in China’s financial landscape. Prominent entities such as Alipay and Ant International are at the forefront, participating as the initial institutions in this venture. Lu Lei, Deputy Governor of the People’s Bank of China, highlighted the systemic risks posed by increased cross-border fund flows. Changes are expected in the dynamics of digital transactions, potentially enhancing transaction efficiency while tightening regulations around illicit finance. The initiative underscores China’s commitment to bolstering financial security amidst growing global fund movements. “The scale of cross-border fund flows is expanding, and the frequency is accelerating, providing opportunities for risks such as cross-border money laundering and terrorist financing. Some overseas illegal platforms transfer funds through channels such as virtual currencies and underground banks, creating a ‘resonance’ of risks at home and abroad, posing a challenge to China’s foreign exchange management and financial security.” — Lu Lei, Deputy Governor, People’s Bank of China Bitcoin and Impact of China’s Financial Initiatives Did you know? China’s latest initiative echoes the Payment Connect project of June 2025, furthering real-time cross-boundary remittances and expanding its influence on global financial systems. As of September 17, 2025, Bitcoin (BTC) stands at $115,748.72 with a market cap of $2.31 trillion, showing a 0.97%…
Share
BitcoinEthereumNews2025/09/18 05:28
LUNC Burns Spike 74%, But Technical Price Setup Dims Hope

LUNC Burns Spike 74%, But Technical Price Setup Dims Hope

All of Terra Luna Classic’s (LUNC) key moving averages are now flashing a ‘strong sell’ sign. This includes the daily, weekly and monthly moving averages, constituting
Share
Coinstats2026/01/30 05:55
Vivian Health Announces Leadership Changes; Appoints Bill Kong CEO

Vivian Health Announces Leadership Changes; Appoints Bill Kong CEO

After steering company to profitability and 50x revenue growth since IAC acquisition, Vivian Health Co-founder and CEO Parth Bhakta transitions to Executive Chairman
Share
AI Journal2026/01/30 06:45