Polygon faces selling pressure as FalconX moves $1.29M tokens to Binance amid price correction.

Polygon (POL) experienced increased selling pressure after FalconX transferred 14 million tokens worth $1.29 million to Binance, raising concerns about fresh supply during a price correction. Despite this, top traders on Binance remain bullish with a strong long position ratio of 1.72, expecting a price recovery. POL is currently defending a key support zone around $0.08934, forming a potential double-bottom rebound with resistance at $0.09846. A break above this resistance could lead to further gains, but failure to hold support may invalidate the recovery setup.