Automatic wave scan: as of 4 Nov 2026, the automatic daily count for Polygon is Wave 5 up with a bullish bias. The count stays valid while price holds 0.08309.
Current Polygon wave count
Automatic wave scan Updated daily from the latest daily close (4 Nov 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave advance that began at 0.09978 on 23 Sep 2026. Next levels to watch are 0.10110 and 0.10180. The count fails on a daily close below 0.08309.
Key levels
| Type | Levels |
|---|---|
| Resistance | 0.10830 · 0.12542 |
| Support | 0.08309 · 0.09456 |
| Invalidation | 0.08309 |
What is Polygon?
Polygon started in 2017 as Matic Network, founded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun. It runs a proof of stake chain that works alongside Ethereum, letting users pay much lower fees. It also builds newer scaling tools based on zero knowledge proofs.
In September 2024 the network began moving from the MATIC token to POL, which is designed to secure several Polygon chains. Charts for POL often include MATIC history for the period before the switch.
What moves the Polygon price?
- Ethereum activity: Polygon benefits when Ethereum is busy and users look for cheaper options.
- Competition from other layer 2s: Networks such as Arbitrum, Optimism and Base compete for the same users.
- Partnerships: Deals with large brands and payment firms have lifted the price in the past.
- Token migration: The MATIC to POL change affects supply and how exchanges list the token.
- Crypto market trend: POL moves with the broader market, usually with larger swings.
How Polygon moves in Elliott Wave terms
Polygon has been in a long corrective phase since its late 2021 high. Many rallies since then have been three-wave moves that failed below prior highs. A change in trend would need a clear five-wave rally that breaks the series of lower highs.
When reading the chart, make sure the data series includes MATIC history. Using only POL data can hide the larger structure.
Tips for counting Polygon waves
Use a chart that merges MATIC and POL history. Treat rallies as corrective until a five-wave structure and a higher high appear.
Polygon key facts
Polygon Elliott Wave FAQ
Is POL the same as MATIC?
POL replaced MATIC as Polygon's main token starting in September 2024. Holders could upgrade MATIC to POL one to one.
What does Polygon do?
It provides networks that process transactions for Ethereum users at lower cost and higher speed.
Why has Polygon struggled since 2021?
Competition from other Ethereum scaling networks grew quickly, and the whole crypto market went through a deep bear phase in 2022.
Sources and further reading
- Polygon documentation (Polygon Labs)
- Polygon (blockchain) (Wikipedia)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
