Today
-0.71%
1 Week
0.00%
1 Month
-7.85%
6 Months
-44.93%
Year to Date
-62.64%
1 Year
-30.37%
Opening Price
0.3784Previous Closing Price
0.3783The Polygon Network recently underwent a technical upgrade to migrate their native token from MATIC to POL. Following the migration, the new token’s price struggled to gain momentum, failing to reclaim the $0.39 resistance level.
POL is still struggling. After the highly anticipated migration, the token edged lower, finding support at $0.35. Sows have the upper hand until there is a comprehensive close above the descending channel and $0.60.
MATIC suffers another string of losses as the broader market pullback forces the bulls to the defensive. According to CoinGecko, the Polygon Network native coin has bled 16% more since last week as the bears reverse gains made back in August.
Polymarket, a crypto prediction platform built on Polygon has observed the highest volume month in its history, as interest in US Presidential elections and the Olympics peaks.