Polygon's Token Gains 3% After Seeing ‘Exceptional' Trading Volume
The token climbed from $0.184 to $0.189 with a trading range of $0.0082 (4.28%), reflecting constructive volatility patterns, according to the model.
The token built solid support foundations within the $0.183 to $0.184 corridor, where buyers consistently emerged. Exceptional volume activity up to 597,718 substantially surpassed the daily average of 189,000, indicating robust institutional engagement during rally phases and confirming successful penetration above $0.187 resistance, the model showed.
The technical landscape also shows progressive higher lows between $0.1890-$0.1892, indicating foundational support strength, while overhead resistance persists around $0.1897, establishing a compressed trading band that reflects market equilibrium before potential directional resolution.
The token outperformed the broader crypto market as measured by the CoinDesk 20 Index, which rose about 1.7% over the same period.
The move comes amid recent announcement of Polygon PoS's consensus layer, Heimdall v2, landing 10 July 2025, according to the foundation's CEO. "This is the most technically complex hard-fork Polygon PoS has seen since it's launch in 2020," he said in an X post.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
21 hours ago
- Yahoo
Polygon's POL Falls 6% As Inflation Shock Triggers Heavy Selling
Polygon's POL token tumbled 6% on Thursday, falling through key support levels as higher-than-expected U.S. inflation data shook risk assets. POL traded in a wide 10% range over the past 24 hours, climbing from $0.25 to $0.26 in early trading before reversing sharply, data from CoinDesk Analytics shows. A burst of selling sent the token down to $0.24, with trading volume spiking to 1.1 million units — more than triple its 24-hour average. The $0.26 mark has now emerged as a significant resistance zone after the high-volume rejection. The selloff came alongside a broader market decline triggered by a U.S. producer price index (PPI) report showing a 0.9% month-over-month rise in July, the biggest jump in more than three years. The data, which measures wholesale inflation before it reaches consumers, dampened expectations for Federal Reserve rate cuts and pressured speculative assets. The CoinDesk 20 Index, a benchmark for the broader crypto market, dropped 4% over the same period, as profit-taking accelerated across major tokens. POL was last changing hands near $0.24, with momentum indicators signaling further downside risk. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Yahoo
Turkish Crypto Exchange BtcTurk Witnesses $48M of Suspicious Outflows Amid Hack Fears
Around $48 million worth of cryptocurrency has been moved from wallets tied to Turkish exchange BtcTurk, raising concerns it may have hacked. The incident involved large transfers of ether (ETH), Avalanche's AVAX (AVAX), Arbitrum's ARB (ARB), Base (BASE), Optimism's OP (OP), Mantle (MANTLE) and Polygon's MATIC (MATIC), with the bulk of the funds consolidating into just two recipient addresses. BTCTurk said in an update on X that "unusual activity was detected" in the exchange's hot wallets. "As a precaution, cryptocurrency deposit and withdrawal transactions have been temporarily suspended. They will be reopened once the work is completed," it said. "The vast majority of assets are kept in secure cold wallets. Thanks to BtcTurk's strong financial structure, users' assets will not be affected by this situation." The assumed exploit or hack marks another blight on the crypto industry after crypto investors lost $3.1 billion to hacks and scams in the first half of this year, the largest of which was the $1.46 billion breach of rival exchange Bybit. Blockchain monitoring system Cyvers flagged the activity, triggering alerts that suggested a targeted exploit rather than routine operational movements. Cyvers added that it was in contact with Btcturk, which is taking "immediate action." UPDATE (Aug. 14, 15:26 UTC): Adds quote from BtcTurk's X page, paragraph on crypto hacks in 2025. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
4 days ago
- Yahoo
Snack On Crunchyroll Anime On Your Next Delta Flight
In-flight entertainment has improved by leaps and bounds over the years. We've come a long way from everyone having to watch the same bad movie to individual touchscreens with Bluetooth integration and viewing options from numerous streaming services. CNET reports that in addition to popular options like Spotify and Paramount Plus, Delta will soon bring anime to the skies, courtesy of Crunchyroll. Anime fans already know about Crunchyroll, but for everyone else, it's an all-anime streaming service, featuring everything from classics like "Akira" and "Initial D" to original content of inconsistent quality. It's essentially the Netflix of anime. With over 50,000 movies and TV shows available according to Polygon, there's bound to be something for everybody in Crunchyroll's vast collection. Only a portion of this vast library will be available through Delta. Neither Delta nor Crunchyroll has announced exactly what feast of anime specials you'll be able to dine on at 35,000 feet, but Anime News Network says it will be a selection of 50,000 episodes from 2,000 titles. We'll find out more later this year. Read more: Save Your Engine: 5 Tips For Preventing And Cleaning Carbon Buildup Anime In The Air This partnership will bring anime to 169,000 seatback screens across Delta's fleet. If you connect your device to in-flight Wi-Fi, a 24-hour Crunchyroll trial will also be available. CNET says this option will only be available to SkyMiles members, while other sites report no such limitation. Either way, no membership is necessary to enjoy Crunchyroll on the in-flight entertainment system. Flying on Delta just became a whole lot more fun. It could be an opportunity to binge-watch "Wangan Midnight" to see if it's as good as everyone thinks it is. Perhaps you could solve the mystery of exactly which dual-sport motorcycle keeps popping up in everything from "Kill la Kill" to "Final Fantasy VII Remake." Or maybe you could see just how closely "éX-Driver" predicted the reality of driverless cars running amok. Whatever your preferences in the vast genre of anime, it will be great to pass the hours of your flight catching up with or rewatching some of your favorites. It sure beats in-flight gambling. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
