Polygon (Pol) rose 9% in early US breakfast trade from $ 0.206 to $ 0.225 before they sold emerged in the afternoon, Coindesk Analytics data shows.
The token experienced considerable volatility overnight as volume waves for 708,489 and 804,401 units, crushed the 24-hour average of 410,606 before a strong sales pressure arose, which established critical resistance for almost term.
Pol is currently trading with $ 0.221, which is approx. 3% over the last 24 hours. It is better than the wider market as the trail of the Coindesk 20 index, which is down to about 2.4% in the same period.
The token is more than 90% from its highest height of $ 2.92 in December 2021, even like other cryptos such as Bitcoin (BTC) and XRP have risen to new heights recently.
Polygon is currently focusing on scaling agglayer, an application that helps users connect to other blockchains, in addition to promoting payments and assets in the real world, to tools, its CEO and co -founder Sandeep Nailwal told Bloomberg in an interview recently.
Nailwal was appointed CEO of the Fund in June with the aim of strengthening its strategy to compete with other projects.
