POL has broken a descending trendline, signaling a bullish reversal with a 38% price increase from $0.105 to $0.144. The former resistance level of $0.115–0.120 now serves as key support, maintaining the potential for continued upward momentum. The breakout is characterized by strong green candles and shallow pullbacks, indicating robust demand. On-chain data reveals that over 3 million POL tokens were burned on January 5, 2026, marking a multi-month high. This significant reduction in supply, coupled with rising demand, supports the bullish trend. The POL/USDT pair shows a textbook bullish continuation pattern, with expanding volume and rising volatility, suggesting limited selling pressure and efficient absorption of profit-taking by buyers.