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POL fell 12% under intense selling pressure, breaking below the $0.11 support level and reaching a low of $0.10.
SPX6900, Polygon, Pudgy Penguins and Ethena rallied this week, with gains linked to separate catalysts including a liquidity event, tokenomics changes, IPO speculation and a lending deal.
Polygon’s POL briefly rallied after a stablecoin deal, whale activity and a technical pattern break, but then began slipping. Traders now question whether the move signals a larger breakout or a short-term peak.
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