Polygon Price Forecast: POL Falls 5% as Shutdown Rumors Pressure $0.10

Polygon (POL) is under renewed selling pressure after a joking social-media post triggered confusion over whether the network could shut down. The token fell nearly 5% Wednesday, while derivatives positioning weakened and traders focused on the critical $0.10 support area. Polygon later clarified that the shutdown-style message was intended as self-deprecating humor rather than an announcement about ending the network.

Shutdown Rumor Triggers POL Selling

The controversy began after Polygon’s official X account posted a mock shutdown message. The post was intended to poke fun at repeated claims that Polygon was “dead,” but the joke was widely misinterpreted. Polygon co-founder and Foundation CEO Sandeep Nailwal subsequently clarified that the marketing team was making fun of Polygon itself and had not intended to suggest another network’s shutdown or Polygon’s own closure.

The episode nevertheless intensified market anxiety. Polygon recently reported that its network had processed more than $3 trillion in cumulative stablecoin transfers, highlighting continued activity across payments and financial applications. The network says companies including Revolut, Paxos, Polymarket, Cash App, Deel and Tazapay have used Polygon for payment-related activity.

Meanwhile, derivatives data points to weaker risk appetite. CoinGlass currently shows POL near $0.103, with futures open interest around $101.9 million and 24-hour futures volume above $77 million.

Key market signals include:

• POL has fallen more than 6% over the latest 24-hour period.
• Futures open interest remains above $100 million.
• The $0.10 level is emerging as the next major technical test.

POL Price Tests $0.10 Support

POL trades around $0.103 at the time of writing, leaving the token close to the psychologically important $0.1000 threshold. The decline extends a broader pullback from the $0.1237 resistance area, which previously capped the recovery.

The technical structure is becoming increasingly fragile. POL is testing its 50-day EMA around $0.1020, while the 100-day and 200-day EMAs sit near $0.0960 and $0.0993, respectively. A rising trendline drawn from recent August and September lows also converges around the $0.10 region, creating a significant support cluster.

A decisive daily close below the 200-day EMA and trendline would strengthen the bearish case and expose the 100-day EMA near $0.0960. If that level fails, the next downside reference would be the $0.0863 August 31 low.

Bearish Momentum Keeps Downside Risk High

Momentum indicators also favor sellers. The MACD remains below its signal line, while expanding negative histogram bars indicate increasing downside momentum. The RSI is near 44, below the neutral 50 level but still above oversold territory, leaving room for another decline before extreme selling conditions emerge.

For bulls, the immediate objective is to reclaim the 50-day EMA and stabilize above $0.10. A sustained recovery could reopen the path toward $0.1237.

Conclusion

POL’s latest decline appears driven more by market fear and technical weakness than by evidence of an actual Polygon shutdown. The network continues to report substantial payment and stablecoin activity, while current derivatives data shows significant trading interest. The $0.10 support zone is now the key level: holding it could allow POL to stabilize, while a confirmed break would increase the risk of a move toward $0.0960 and potentially $0.0863.