Polygon (POL) is consolidating within critical resistance at 0.47 USD and support at 0.41 USD. Currently trading at 0.4505 USD, the token faces a potential breakout that could significantly impact its price.
Recent data shows a 1.17% rise in active addresses and a 1.3% increase in transaction counts, reflecting higher engagement and usage. These metrics, combined with declining exchange reserves by 1.23%, indicate underlying bullish momentum.
If the price breaks above the 0.47 USD resistance, a rally toward 0.63 USD is likely, representing a potential 40% increase. Conversely, failure to maintain the support level at 0.41 USD may lead to bearish trends.
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