Polygon Plunges 8.9% to $0.094, Bears Eye Drop Below $0.09

Polygon's price has plummeted by 8.9% to $0.094, breaching the key support level of $0.1.

The altcoin's trading volume has surged 54.8% to $87.6 million, indicating increased selling pressure as investors reduce their exposure.

On the derivatives market, sellers are even more aggressive, with a significant sell volume compared to buy volume on both Perpetuals and Futures.

The MACD and ADX indicators suggest weakening bullish momentum and a strong likelihood of continued downtrend, potentially leading to a drop below $0.09 with $0.082 as the next support level.