Polygon's POL token surged 12.72% to $0.2736, fueled by a rise in active addresses and daily transactions. Trading volume increased by 34% to $315.7 million, with the market cap reaching $2.8 billion. Data from Artemis showed a 25% rise in active addresses and a 7.9% increase in daily transactions, partly due to the recent Polygon PoS USDT upgrade.
Despite the gains, profit-taking and higher spot netflows suggest caution. Analysts note potential resistance at $0.28, with a chance of reaching $0.30 if buying continues. However, a failure at the $0.195 support level could lead to a decline towards $0.247.
Polygon's POL Token Jumps 12% Amid Increased Activity
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