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Here’s why the price of a polygon breaks down


The Polygon coin withdrew and switched the key level of support because the slowdown of ecosystems still existed.

Polygon (Pol) fell to $ 0.3910 on Tuesday, which indicated a 47% decline compared to its maximum in December 2024.

Nansen data show that active addresses on the polygon network have fallen for 12% in the last 30 days, they have fallen to 5.96 million. This figure is significantly lower than the base, the largest layer-2 network, which recorded 21.7 million active addresses in the same period.

While polygon transactions increased by 7% to 91.5 million, the revenue from the fee dived 38% to $ 835,000. This insidious effect is suddenly opposed to the base, which has performed more than 218 million transactions and has made $ 15.5 million fees.

More data shows why the polygon network has been fighting this year. Total value locked in its definition There is an ecosystem lowered Up to $ 842 million, much less than $ 3.41 billion Base and $ 3 billion Arbitrum.

Polygon -ov Dex ecosystem is also lagging behind. The weekly trading volume fell by 20% to $ 1.2 billion, while the base, a relatively new network, resolved $ 10.7 billion in the same period.

A similar trend appeared on the NFT market, where Polygon once had a strong presence. According to Cryptoslam, Polygon NFT sales fell 71% in the last 30 days to $ 24.8 million, while the base increased by $ 388% to $ 22.7 million sales.

Polygon’s weak performance explains why it was removed from Lido fluid in December.

Poligon price sample indicates a greater deficiency

Poligon price
Polygon Graph | Source: Crypto.news

The four -hour ladder shows that a half token reached $ 0.7671 after turning from the nuts last year. He recently formed the descending sample of the triangle, the lower side of which was $ 0.4138. He has not fell below that level several times since December last year. The fall of the triangle is a popular bear sign.

The polygon also fell below its moving average of 50 periods, enhancing bear appearance. The slight resistance path appears downwards, and the next key is to watch $ 0.3425 support, which is token the lowest swing of November 15.



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