Crypto
Polygon Plunges 9%, Eyes $0.082 as Next Support
Polygon's price has plummeted by 9% in recent days, falling to a low of $0.093 and breaching its key support level of $0.1.
The altcoin's trading volume has increased by 54.8% to $87.6 million, suggesting that investors are actively selling their positions.
In the derivatives market, sellers are even more aggressive, with Polygon Perpetuals recording 46.79 million in sell volume compared to 43.2 million in buy volume.
The indicators suggest that the prevailing trend of downward pressure will continue, and if bears exert more pressure, Polygon's price may fall below $0.09 with $0.082 as the next support level.