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Polygon falls 8.9% below $0.1 amid strong selling pressure, risking further drop to $0.082

Technical Signals
31 Aug 2026
AMBCrypto
View Source
Bearish
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Polygon's price dropped 8.9%, breaking the $0.1 support level and reaching a low of $0.093 due to intense selling pressure in the broader market. Trading volume surged by 54.8%, indicating increased sell-side activity as investors reduce exposure. Derivatives data shows aggressive selling with negative net buying and outflows, signaling traders are closing positions. Technical indicators suggest weakening bullish momentum and a likely continuation of the downtrend, with $0.082 as the next support level unless Polygon can reclaim above $0.1 and $0.12 resistance.

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