Polygon (POL) rises 14% as exchange outflows spike 690%

Polygon (POL) was the second-biggest daily gainer among the top 100 cryptocurrencies by market capitalization, rising more than 14% over the reported period and extending gains from the $0.70 support level to more than 65%. Exchange outflows surged 690% in 24 hours, signaling intense buying pressure, while Polygon PoS recorded more than $20 million in bridged net inflows and a 263% weekly increase in bridge volume. The token broke $0.12 resistance after completing an inverted head-and-shoulders pattern and is targeting the $0.15-to-$0.18 supply zone, potentially revisiting its year-to-date peak above $0.18. Bullish positioning, rising historical volatility and growth in Polygon-based DeFi liquidity supported the move, although a failure to hold above $0.12 could slow the rally.

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