Polygon Plunges 12% Amid Ongoing Bearish Pressure

Polygon's price has taken a hit, declining by 12.3% over the past day to around $0.108.

This downturn is part of an ongoing trend, with Polygon closing at lower lows for two consecutive days since its uptrend collapsed at $0.12.

The altcoin's trading volume has also decreased, falling by 34% to $157 million over the same period.

On the derivatives side, Polygon's Open Interest dropped by 11.3% to $111 million, while the derivatives volume plummeted by 38% to $157 million.