Polygon rallies as fees, activity and token burns surge — analysts eye up to 90% upside

Polygon (POL) has seen a marked increase in on-chain activity and fees that traders say could sustain a strong price rally. Nansen and on-chain data show fees jumping substantially over recent 30-day windows (multiple sources cite increases of 235% and multi-million-dollar totals), active addresses and transactions rising (active addresses ~14.7M; transactions ~178M reported), and sustained high DEX volume and protocol usage (Polymarket reported multibillion-dollar volumes). These conditions have driven a large POL burn rate, with millions of tokens removed during peak usage days. Network upgrades (including the Dandeli hardfork) improved gas stability and per-block capacity, supporting higher throughput. Polygon’s expanding payments integrations and on/off-ramp partnerships — including Mastercard, Shift4, Revolut, Stripe, plus acquisitions like Coinme and Sequence — strengthen fundamental demand by widening fiat rails and payments use cases. Technically, POL rebounded from roughly $0.097–$0.10 early in January to trade around $0.15–$0.18 in later reports, holding above key moving averages (50-day EMA) and trend indicators; analysts identify near-term resistance around $0.20 and an extended target near $0.296 (about 90% above current levels) if fee, activity and burn trends continue. Key trader takeaways: rising fees and token burns support scarcity and bullish fundamentals; increased payments integrations boost real-world demand; improved network capacity reduces friction for volume growth. Short-term pullbacks and Elliott-wave–type corrections remain possible, so traders should watch supports near $0.150 and confirmed breakouts above $0.20 for validation of the bullish case.