Analyzing Polygon’s 12% surge: Two critical levels for POL’s upcoming movement

Polygon has surged by 12.72%, reaching a price of 0.2736 USD due to increased active addresses and trading volumes. Despite these gains, profit-taking could pose risks to future price stability.

The recent data indicates active addresses climbed by 25%, and transaction volume increased by 7.9%. This reflects a growing demand for the Polygon network following the PoS USDT upgrade.

Prices may encounter resistance around 0.28 USD, while a failure to maintain above the 0.195 USD level could lead to further declines in value.

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