Bearish
Polygon's POL token drops 8.9% to $0.092, breaking $0.10 support amid increased selling.
In the past 24 hours, Polygon's POL token experienced a significant decline, falling 8.9% to an intraday low of $0.092 and breaking the $0.10 support level. This downturn was accompanied by a 54.8% increase in trading volume, indicating active distribution. Spot markets saw net inflows of approximately $849,000, suggesting that more POL tokens were moved onto exchanges than off, a pattern typically preceding further selling.
Key points
- POL token drops 8.9% to $0.092, breaking $0.10 support.
- 54.8% increase in trading volume to $87.6 million, indicating active distribution.
- Spot market net inflows of $849,000, suggesting potential for further selling.
Sources
AI-generated from public news sources. Not financial advice.
