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Polygon drops 12% amid panic selling, but fundamentals remain strong with signs of recovery ahead.

Technical Signals
06 Jun 2026
AMBCrypto
View Source
Neutral
pluang ai news

Polygon (POL) has fallen about 12% in the last 24 hours, deepening its year-to-date loss to 25%, driven mainly by panic selling rather than any fundamental issues. Market data shows a disconnect between POL’s price and its underlying positioning, with positive funding rates and net outflows from exchanges suggesting selling pressure is easing. The number of POL holders has continued to grow, and bullish sentiment remains strong at 74%, indicating investor confidence. This combination points to a potential recovery as the sell-off may be nearing its end rather than signaling further decline.

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