polygonupdate

Never heard about Polygon before?

Polygon is one of the growing chain to conduct USDC transaction. Pretty fast chain!

#PolygonUpdate

$POL

⚠️ Polygon Could Crash 40% – But DeFi Is on Fire! 🔥

Can a crypto project 📉 be crashing… while booming behind the scenes? 🤯

That’s exactly what’s happening with Polygon (POL)🟣…

Right now, it's trading at $0.2355 💰 but chart patterns show a potential dip to $0.1504 — a 40% CRASH 🚨 because of a dangerous rising wedge 📐 — a classic bearish signal.

But wait... the fundamentals? They're STRONGER than ever:

On-chain Highlights 🔍:

Stablecoin supply 💵 jumped +23% in Q1 to $1.98B 📈

Active wallets 🧠 up +30% — more users, more activity!

Total Value Locked 🔐 now $1.03B, up from $736M 🚀

DEX trades ⚡ surged +48.46% in a week, touching $1B

Weekly transactions 🧾 at 19.27M — even more than Arbitrum! 🔥

But the big risk?
Polygon is losing ground to new L2 stars 🌟 like Unichain ($3.8B txns) 💥, Base, and Arbitrum.

If POL doesn't break $0.30 ⛔, the chart stays bearish.
Break it? The bull case returns! 🐂

So now the BIG question…
Buy the dip 🛒 or sit back and watch? 👀

Drop your thoughts below! ⬇️

#PolygonUpdate #CryptoCrashOrClimb #DeFiEcosystem #AltcoinAlert #BinanceTGEAlayaAI

🔥
📊 Latest and Useful Summary Analysis (Polygon $POL ) 📅 October 15

The Polygon (POL) currency is witnessing calm yet significant movements following the complete conversion from MATIC to POL ✅
The current price is near $0.20, with a daily range between $0.193 – $0.205.

🔹 Recent Developments:

The conversion of all MATIC tokens to POL has been completed by approximately 99%.

A community proposal to halt the annual inflation (2%) and replace it with a buyback program 🔁

Expect official updates from the Polygon team in the coming days regarding the new growth plan.

📉 Technical Analysis:

Overall Trend: Bearish leaning towards neutral.

Strong support at: $0.193 / $0.183 / $0.175.

Next resistance: $0.211 / $0.219 / $0.228.

Any breakout above $0.22 may open the door for a strong rebound, while a break below $0.19 could accelerate the decline.

💬 Summary:
The currency is undergoing a sensitive transitional phase, and investors are on alert before confirming the upcoming direction.
⚠️ Current trading requires caution… the market is still volatile, but the long-term project still retains its technical potentials 👀
#POL
#Polygon #MATİC #PolygonUpdate