Crypto News: Polygon Leads Crypto Market With 16% Weekend Surge as POL Hits $0.29

Key Takeaways:Polygon’s POL token surged 16% over the weekend, touching $0.29, its highest level since March.Gains came as the CoinDesk 20 Index stayed flat, with Bitcoin and Ethereum posting only modest moves.U.S. government blockchain initiatives and Polygon’s USDT0 integration may have fueled optimism.Technical models highlight bullish momentum, with support near $0.277–$0.278.Polygon Outperforms as Broader Market StallsPolygon’s native token POL outpaced the crypto market over the weekend, climbing 16% from Friday through early Monday to briefly reach $0.29, according to CoinDesk data. This marked the token’s strongest level since early March before retracing slightly below $0.28.The broader CoinDesk 20 Index — a benchmark tracking the top digital assets — remained largely unchanged, with Bitcoin (BTC) and Ether (ETH) registering only modest gains. The divergence highlights Polygon’s outsized performance against a subdued market backdrop.Possible Catalysts: U.S. Blockchain Push & Stablecoin LiquidityWhile no single trigger explained the rally, recent developments may have strengthened investor sentiment. Polygon was highlighted in a U.S. government initiative exploring blockchain rails for releasing key economic data such as GDP, underscoring its growing institutional relevance.Separately, the network announced an integration with USDT0, a Tether-focused cross-chain stablecoin protocol. The move could reinforce Polygon’s role as a key hub for stablecoin liquidity flows, boosting adoption and utility for DeFi applications.Technical Outlook: Support EmergingCoinDesk Research models flagged bullish momentum in POL’s price action. Analysts noted that while the token has consolidated from its weekend peak, buying pressure near the $0.277–$0.278 range signals strong support that could sustain further upside.If momentum holds, traders will watch for a retest of the $0.30 psychological level, which has acted as a major resistance zone in past cycles.