Date: Sun, Sept 14, 2025 | 12:50 PM GMT
The cryptocurrency market is making a slight pullback after a strong rally over the week where Ethereum (ETH) marked 7% gains before sliding by over 2% today. Following this, several major altcoins are also facing decline— including Polygon (POL).
POL is trading in red today, but beneath the surface, its price action suggests something bigger may be brewing — a textbook breakout and retest pattern, hinting at a potential upside continuation.
Retesting Double Bottom Breakout
According to the latest analysis shared by crypto analyst Jonathan, POL has demonstrated a classic double bottom breakout — a bullish reversal pattern. This formation occurred as the price bottomed twice near the $0.17 level (highlighted in the chart) before reversing upward.
The recent breakout above the neckline resistance at $0.2680 marked the completion of this pattern.
Following the breakout, POL surged to a local high of $0.2955, representing a significant upside move of nearly 9% from the breakout point. However, as is typical with such patterns, the token experienced a pullback, retesting the neckline level successfully by bouncing from the $0.2680 level.
What’s Next for POL?
So far, the retest appears constructive, as POL is now holding its ground at the neckline and showing resilience. The current price action suggests the bulls are still in control, and momentum could further build up.
A decisive move above $0.2955 — the recent swing high — would act as confirmation that bullish momentum is returning. Should that happen, the next logical targets according to the chart are:
$0.303 → $0.335 → $0.374 → $0.408, with the $0.408 resistance zone being particularly important to watch.
However, caution is advised. Any sustained drop below $0.26 could invalidate this bullish setup.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
The opinions and market insights shared on CoinsProbe represent the views of individual authors based on prevailing market conditions at the time of publication. Cryptocurrency investments carry significant risk and volatility. Readers are encouraged to conduct their own research and seek professional financial advice before making investment decisions. CoinsProbe and its contributors do not accept responsibility for financial losses or decisions made based on published content.
CoinsProbe may publish sponsored articles, affiliate links, or promotional collaborations. All sponsored material is clearly labeled to maintain transparency with our audience. Our editorial decisions remain fully independent, and advertising partnerships do not influence reviews, rankings, or published opinions.
Since 2023, CoinsProbe has delivered reliable insights on cryptocurrency, blockchain, and digital assets. Our content is created by experienced researchers and analysts who follow strict editorial standards focused on accuracy, transparency, and credibility. Every article is carefully reviewed and verified using trusted sources and current market data. We provide unbiased analysis and timely updates covering everything from emerging crypto projects to major industry developments.
