In a recent breakdown, crypto analyst and trader “On-Chain Academy” turned a routine Polygon (POL) update into a live trading experiment, opening a 10x leveraged short on Bitfinex while walking viewers through his long-term thesis on the token.
This move underscored a split view: short‑term technical exhaustion versus a still‑bullish multi‑year outlook that places POL as a possible $1 asset by 2030.
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The creator, who says he first bought Polygon back in its “Matic days on a beach in Southeast Asia”, framed POL as a “dinosaur crypto” that has under-performed recent cycles but still sits on strong infrastructure and exchange support, including Binance and Coinbase listings.
POL’s Tokenomic Shift: Killing Inflation & Adding Buybacks
The most concrete development in the video was a referenced proposal from October 2025 to overhaul POL’s tokenomics.
According to the host’s summary, the proposal would remove the current 2% annual inflation and introduce a transparent token burn or buyback mechanism. He argued that, if implemented from 2026 onward, “this could help potentially boost the price through scarcity,” by reducing effective circulating supply and adding structural buy pressure.
Polygon’s current circulating supply was cited at around 10.56 billion tokens. The trader said his longer‑term projections still assume some level of inflation (he floated “roughly about eight percent” in his own modeling), but he framed the proposal as a net positive for long‑term holders.
Polygon’s Key Price Levels, Technicals & a Live 10x Short
At the time of recording, POL was trading near $0.17 after “two great weekly candles” with what he described as a heavy support zone around $0.09. Key resistance levels were flagged at $0.22 and $0.29.
On the daily chart, the RSI was “overbought” and the host walked through four prior instances where similar RSI readings preceded corrections of roughly 18%, 25% and up to 40%.
Extrapolating that history, he suggested a plausible 20% pullback that would land POL around the 0.618 Fibonacci level near $0.1192 — a zone he framed as a potential area for dollar‑cost averaging or short setups.
To illustrate, he opened a $500 notional short at 10x leverage on Bitfinex futures, describing the move as “feeling a bit degen” and explicitly warning viewers not to copy the trade. No stop‑loss was set on camera; he said he would add one later.
Macro View: Sideways Before The Next Leg
The trader placed the current action inside a broader downtrend that he dates from January 2025, calling it a “corrective phase” in a bearish market.
He also highlighted a fear-and-greed index reading of 27 as evidence of persistent risk aversion.
Despite that, his five‑year outlook on Polygon remained constructive.
Assuming a functioning bull cycle late in the decade and some tightening of tokenomics, he sees a path for Polygon (POL) “absolutely” to revisit the $1 area by 2030, though he stressed this is dependent on macro market conditions and how the inflation/buyback debate is resolved.
He also warned investors to “get used to things being boring for now” suggesting sideways trading could persist before any meaningful break-out.
For crypto investors, the video’s main signal is less the theatrics of a live short and more the combination of: a maturing, low‑inflation tokenomics plan; historically deep drawdowns (70–80% from peak) that are in line with past altcoin cycles; and realistic expectations of a long consolidation before any renewed trend.
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The show host points to major exchange listings and ongoing infrastructure development as reasons to consider the fundamentals intact.
Support around the demand levels of $0.09, resistance near $0.16 and $0.29, and a potential retrace target at roughly $0.119 (0.618 Fibonacci).
He floated a likely move back to $1 by 2030, conditional on broader market cycles & successful implementation of deflationary tokenomics.
No. He repeatedly stated it was not financial advice and cautioned viewers against mirroring his 10x leveraged short.
