Polygon (POL) has maintained its position above the $0.10 mark, rising approximately 5% in the past 24 hours despite broader market volatility. The token's resilience is attributed to increased transaction activity, stablecoin adoption, and a significant amount of POL burning, which has reduced the circulating supply. POL's recent performance has outpaced several of its layer 2 peers, even as macroeconomic and geopolitical factors weigh on major cryptocurrencies like Bitcoin and Ethereum. The surge in POL's price is supported by a notable increase in USDC transactions on the Polygon network, with the stablecoin market cap reaching around $3.26 billion. Over 100 million POL tokens have been burned, contributing to upward price pressure. Trading volume for POL has also increased by more than 30% in the past day, reaching over $84 million. Analysts suggest that if POL can break through resistance levels at $0.12 and $0.14, it could potentially rise to $0.30, although a failure to do so might see the price target $0.09.