POL jumps 10% as stablecoin volume hits $2.9 trillion
Polygon (prev. MATIC) (POL)
tradersunion.com reports that Polygon (POL) rose 10.26% following increased on-chain activity and corporate adoption. The network processed $2.9 trillion in stablecoin transfers by September 11, 2023, marking a $200 billion increase over 50 days. Total trades on the network reached 8 billion by September 1, highlighting rapid ecosystem growth.
Major companies including Visa, Meta, and Revolut continue to operate payment solutions on Polygon. POL trades above its 20-day, 50-day, and 200-day moving averages at $0.0961, $0.0886, and $0.0879 respectively. This positioning confirms bullish momentum across all timeframes.
Near-term support is identified at $0.0987, with resistance at $0.1057. The Ichimoku Kijun at $0.1073 indicates a prevailing upside trend. Momentum readings are mixed, with MACD and ADX favoring buyers while RSI and CCI show a Sell signal.
Bull/Bear Power remains positive, suggesting intraday buyers dominate, though Stochastic RSI signals oversold conditions. Analysts note that robust momentum and expanding partnerships have shifted Polygon's outlook to a prevailing upside bias.
How the market reacted
Whalio's own Binance spot order flow for POL, measured when this story was written up on 17 September 2026. Not the outlet's figures.
POL trades at $0.09680 with a 1-hour buy ratio of 44.5%, contrasting with a 62.1% buy ratio for both the 4-hour and 24-hour periods. The 1-hour volume delta is negative at -$22,214, while the 4-hour and 24-hour deltas are positive at +$1,656,081 and +$2,986,598 respectively. This divergence suggests that while short-term selling pressure exists, longer-term buying pressure is building. The buy ratio indicates the proportion of buy volume relative to total volume, showing sustained interest over the day. Positive volume delta means buy volume exceeds sell volume, confirming net inflows. The 24-hour CVD closes at +$2,730,851, with spot volume reaching $12,246,304 across 148,884 trades.
The latest daily buy ratio of 41.5% sits at the 1st percentile of the last 323 days, against a median of 49.7% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for POL, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 53.5%, making the latest day's 62.1% ratio an increase of 8.6 points. This represents a 1.88x increase in volume compared to the weekly average. There were 5 days of net buying out of 7, with a total volume delta of +$7,771,287. Despite this activity, the price changed -1.2% over the 8-day period. This indicates that while buying pressure is unusually high compared to the weekly norm, it has not yet translated into significant price appreciation.