Polygon's price has experienced a significant decline, dropping from $0.1853 on January 10 to $0.1050, marking its lowest point since January 2. Despite this downturn, the network's fundamentals remain strong, particularly with a surge in USDC transactions. Recent data indicates that Polygon's peer-to-peer USDC volume reached over $1.69 billion, marking the second-best month on record, even as the broader crypto market faced pressure. The increase in USDC transactions is attributed to Polygon's strategic partnerships with major financial services firms and the launch of its Open Money Stack. This growth is reflected in the network's stablecoin volume, which soared to over $31 billion in the past 30 days, alongside a rise in transaction count to 336 million and stablecoin addresses exceeding 5.1 million. Technical analysis suggests that Polygon may be forming a double bottom pattern, a bullish reversal indicator, with key support at $0.0985. As the network continues to expand its payment capabilities and user adoption, the potential for a bullish breakout remains strong.