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Polygon News
TronWeekly
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Polygon Flashes Bullish Divergence, Analysts Set Sights on $1.15
- Polygon's token POL experienced a modest correction after surpassing $0.20 but analysts view it as a healthy pause before a potential rally towards $1 and $1.15.
- Bullish RSI divergence accompanied by increasing volume indicates a positive momentum for Polygon.
- Analysts suggest that after a recent downturn, Polygon is showing signs of strength with expectations of reaching key targets at $1 and $1.15.
- Technical analysis points to potential resting points at $0.461 and $0.534 before achieving the main goal of $1.15, with short-term gains anticipated as well.
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Newsbtc
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Last Chance For Polygon As Crypto Analyst Predicts MATIC Price Will Surge Above $1 Again
- Polygon's price experienced a moderate pullback following a breakout above the $0.20 level, signaling a healthy retracement before a potential upward move.
- A crypto analyst predicts an imminent explosive rally for Polygon towards the $1 mark, citing a classic bullish divergence signal on the 3-day chart.
- The recent rebound of Polygon after hitting a low on April 7, coupled with increased volume and bullish recovery in the crypto market, indicates a potential major breakout.
- Analyst projects a sustained rally towards $1, with a specific target of $1.15 for Polygon, based on technical indicators and Fibonacci extension levels.
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Kotaku
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Polygon Sold To Valnet And Hit With Mass Layoffs
- Polygon has been sold to Valnet and many staff members have been laid off.
- Senior writer Michael McWhertor expressed his gratitude for working at Polygon and indicated his job search.
- Polygon co-founder Chris Plante announced his departure from Polygon and highlighted the talented writers and editors now available for hiring.
- Senior reporter Nicole Carpenter shared that she no longer has a job and is seeking employment, along with her colleagues.
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TronWeekly
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Polygon-Incubated Miden Secures $25M to Develop Edge Blockchain for Scalable Privacy
- Miden has raised $25 million in seed funding to develop a privacy-centric, scalable blockchain infrastructure.
- The edge blockchain model of Miden allows transaction execution on user devices for improved privacy and scalability.
- Miden plans to launch its mainnet in Q4 2025 and will airdrop 10% of its native tokens to Polygon (POL) holders.
- The protocol aims to cater to institutional use cases, providing a platform for confidential operations without compromising scalability or privacy.
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Newsbtc
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Polygon Eyes 2x Upsurge From Broadening Wedge Pattern
- Polygon (POL) has experienced a bullish breakout from a broadening wedge pattern, signaling a potentially strong upward move.
- Technical indicators suggest that POL's short-term outlook is improving and its next target could be $0.31.
- The breakout from the pattern, accompanied by positive sentiment and growing volume, sets the stage for a stronger rally.
- However, there is a risk of a false breakout and potential pullback if the price fails to hold above $0.31.
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Crypto-News-Flash
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Polygon and Pyse to Launch Tokenized EV Fleet in Dubai
- Polygon partners with Pyse to launch tokenized EV fleets in Dubai, linking real-world mobility data to blockchain.
- Fleet of tokenized electric motorbikes will be introduced, collecting environmental data and storing it on-chain.
- Data collected can be monetized, introducing the concept of fractional vehicle ownership and blockchain-based incentives.
- Polygon's collaboration with Pyse aims to expand to India, leveraging the growing EV sector and Polygon's existing presence in the country.
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