{"id":3297,"date":"2025-06-18T17:47:06","date_gmt":"2025-06-18T17:47:06","guid":{"rendered":"https:\/\/bitunikey.com\/news\/heres-why-polygon-price-is-at-risk-of-a-25-plunge\/"},"modified":"2025-06-18T17:47:08","modified_gmt":"2025-06-18T17:47:08","slug":"heres-why-polygon-price-is-at-risk-of-a-25-plunge","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/heres-why-polygon-price-is-at-risk-of-a-25-plunge\/","title":{"rendered":"Here\u2019s why Polygon price is at risk of a 25% plunge"},"content":{"rendered":"
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Polygon price continued its freefall, reaching its lowest level since April 21, as the broader crypto sell-off gained momentum.<\/p>\n

Polygon (POL) dropped to $0.1915, down 32% from its highest point in May and 74% below its 2024 peak. The crash has pulled its market cap down from $5.68 billion at its peak to $2 billion today.<\/p>\n

Polygon has underperformed the broader market due to rising competition in the layer-2 sector. Data shows<\/a> <\/strong>it holds a total value locked of $1.17 billion and $2.3 billion in stablecoin supply.\u00a0<\/p>\n

In contrast, Base, the Coinbase-backed layer-2 launched in 2023, has $5.14 billion in TVL and $4.16 billion in stablecoins. Similarly, Arbitrum (ARB) holds over $3 billion in assets and $3.5 billion in stablecoins.<\/p>\n

Most importantly, Unichain, launched by Uniswap (UNI) in March, has already gained $1.12 billion in assets and $316 million in stablecoins.<\/p>\n

<\/p>\n

The Polygon token has also tumbled following the shutdown of Polygon zkEVM, which was originally acquired as Hermes for $250 million. The CEO cited delayed technical execution, lack of product-market fit, and overly ambitious goals as key reasons for the decision.<\/p>\n

On the positive side, Nansen data indicates <\/a>that Polygon\u2019s network activity is growing. The number of transactions jumped 33% over the past 30 days to 85.6 million, while active addresses rose 23% to 6.49 million.<\/p>\n

Its transactions and addresses are higher than a popular network like Ethereum (ETH). Ethereum\u2019s active addresses rose by 5.5%, while its transactions rose to over 34 million.\u00a0<\/p>\n

Polygon price technical analysis<\/h2>\n
<\/source><\/p>\n<\/picture>
POL price chart | Source: crypto.news<\/figcaption><\/figure>\n

On the daily chart, the POL token peaked at $0.7672 in December. It has since plunged below the 23.6% Fibonacci retracement level at $0.2950.<\/p>\n

POL has also fallen below its 50-day moving average. Additionally, both the MACD and Relative Strength Index have continued to decline.<\/p>\n

Therefore, the token will likely continue dropping as sellers target the year-to-date low of $0.1487\u2014around 26% below the current level. A move above the 50% retracement level at $0.2195 would invalidate this bearish outlook.<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Polygon price continued its freefall, reaching its lowest level since April 21, as the broader crypto sell-off gained momentum. Polygon (POL) dropped to $0.1915, down 32% from its highest point…<\/p>\n","protected":false},"author":1,"featured_media":3298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3297"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3297\/revisions"}],"predecessor-version":[{"id":3299,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3297\/revisions\/3299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3298"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}