Polygon Price Surges 14% as Exchange Outflows Soar 690%

Polygon's price surged over 14% in the past 24 hours, making it the second biggest daily gainer among top 100 cryptos by market cap.

The altcoin broke through higher resistance levels and is now eyeing its year-to-date peak of $0.18, with bulls confident that they can flip this supply zone.

According to CryptoQuant data, Polygon's exchange outflows surged by 690% in 24 hours, indicating intense buying pressure and aggressive accumulation.

The network's DeFi integration is growing, with the TVL of Charm's sPOL vault hitting $1 million, becoming the largest market maker for sPOL.

However, if Polygon fails to hold above the breached resistance at $0.12, it may slow down the rally.