Polygon's POL token has gained approximately 12% since the network completed a permanent burn of 100 million tokens on September 23. The tokens, worth around $10.22 million at the time of destruction, represented about 1% of POL's total supply.
Polygon Foundation CEO Sandeep Nailwal confirmed the completion of the burn, which removed tokens that had accumulated in the network's fee-collection system. The burn also established a process allowing the community to trigger future fee-funded burns, linking token removal more directly to activity on the Polygon network.
Price Movement and Resistance Levels
POL was trading near $0.113 at the time of reporting, up approximately 11.6% from its level around the burn date. The token briefly reached $0.11497 during the latest trading session but failed to sustain levels above $0.115, establishing that price area as the nearest resistance for buyers.
If POL moves above the $0.115 level, it could approach $0.12, though the $0.12–$0.125 region may present greater difficulty after sharp price rejection occurred there in September. The token has recently recovered above several price averages that previously constrained it.
Support Levels and Next Steps
Holding above $0.11 provides support for the current recovery. If the price declines, the first area of interest is between $0.107 and $0.110. A drop below this range could bring POL toward $0.102, close to where the post-burn advance began.
The burn strengthens Polygon's supply-reduction narrative, but token price movement will depend on sustained demand to maintain recent gains.
