The polygon value continued its strong uptrend and reached its make-break level as it improves its ecosystem.
Summary
- The Pol Price has rebuilt as a cryptocurrency Rali in the last few days.
- StableCoin supply in polygon network has increased.
- The total value has jumped localized finance.
The polygon (pole) token jumped for seven straight days, reaching its highest level since 23 July.
Defi, Stabecrim and NFT Growth
Humble continues its strong Rali as a third -party data point for strand benefits in the network. The cryptoslam number suggests that sales in their non-fungting ecosystem rose 53% to $ 17.8 million in the last 30 days, led by the Angan led by the courtyard.
More data shows that the StableCoin supply in multi -pleasant networks increased by 6.35% to $ 2.6 billion in the last 30 days. Most of these stabelcoins are USDC, followed by Tether’s USDT.
The adjusted transaction of StableCoin in the network rose 70% to $ 38.5 billion. The surge occurred when the number of StableCoin transactions on the network rose 4.68% to 95.1 million.
Users prefer polygon and other layer -2 platforms due to their adequately low transaction costs and rapid experience time.
Polygon’s challenge is that, which was the first mainstream layer -2 network, new contenders have taken a stake in the market. The coinbase -owned L2 network is $ 4.2 billion in Stabecrims, with $ 4 billion in Arbitam.
Polygon’s Defy Ecosystem is also performed well, with its total value, it has been locked from 10.9% to $ 1.35 billion in the last 30 days.
Polygonal price technical analysis
The daily chart indicates that the humble is relatively stabilized in the past. It has removed major support and resistance levels on $ 0.1655 and $ 0.2620 sin march.
The polygon is created by a 50-day exponential moving average, while the MACD and the relative power index posted upwards. It is also near 23.6% Fibonacci Retress level.
Major resistance at $ 0.3858, up to 52% from current level. These benefits will be confirmed if it is movies above resistance at $ 0.2620.
The alternative landscape is the place where the polygon pulls back the token and withdraws support on $ 0.1655.