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Polygon’s On-Chain Metrics Signal Bullish Momentum Amid Key Developments

  • Polygon ($POL) is experiencing a rise in on-chain activity, including daily active addresses, transaction volume, and whale participation, indicating growing market interest and suggesting a potentially bullish outlook for the token.
  • Currently, 81.60% of $POL holders are at a loss, which could set the stage for a disbelief rally with unexpected upward momentum surprising the market.
  • The most critical support level for Polygon is between $0.375 and $0.386, and if it holds, the token could establish higher highs, attracting further buying interest.
  • Polygon whales have acquired approximately 140 million $POL in the past 96 hours, indicating confidence in the token's future prospects and aligning with the uptick in on-chain metrics.

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