Polygon (POL) Stages a Recovery: POL Token Rebounds After Weekly Decline
The Polygon’s POL token has rebounded by 11% to reach $0.655, following a technical bull flag formation that indicates an upward trend may be underway. This recovery comes amidst a growing Total Value Locked (TVL) in decentralized finance (DeFi), even as decentralized application (dApp) activity has seen a decline. Traders appear to be cautiously optimistic, evaluating market conditions and assessing the potential for continued recovery. As Polygon demonstrates resilience, investors are keen to observe the token’s trajectory in light of the shifting landscape within the DeFi space.
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