Bearish
Polygon (POL) drops 12.3% to $0.108 amid intensified selling pressure
In the past 24 hours, Polygon (POL) experienced a significant decline of 12.3%, falling to $0.108. This downturn was primarily driven by intensified selling pressure, which led the price to break below the $0.11 support level and reach a low of $0.105. Trading volume also decreased by 34% to $157 million, indicating reduced market activity.
Key points
- Intensified Selling Pressure: The primary factor contributing to POL's price drop was intensified selling pressure, which caused the token to break below the $0.11 support level.
- Decreased Trading Volume: Alongside the price decline, trading volume fell by 34% to $157 million, suggesting reduced market participation.
- Break Below Support Level: The price movement led POL to break below the $0.11 support level, reaching a low of $0.105.
Sources
AI-generated from public news sources. Not financial advice.
