On Thursday, the Polgon Polgon token dropped by 6%, falling with key support levels because the US inflation data that the United States has shaken risk assets.
POL exchanged in a large range of 10% in the last 24 hours, from $ 0.25 to $ 0.26 at the start of negotiations before reversing strongly, according to Coindesk Analytics data.
An explosion of sale lowered the token to $ 0.24, with a volume of negotiation to 1.1 million units – more than triple its average 24 hours a day. The bar of $ 0.26 has now become a significant resistance area after high volume rejection.
The sale came next to a larger market drop launched by a price of American production price (PPI) Report showing an increase of 0.9% from one month to the next in July, the biggest leap in more than three years. The data, which measures wholesale inflation before they reach consumers, have attenuated expectations for federal reserve rate drops and pressure speculative assets.
The Coindesk 20 index, a reference for the wider market of cryptography, has dropped by 4% over the same period, as the accelerated profits on the main tokens. Pol has changed their hands for the last time almost $ 0.24, Momentum indicators reporting a risk of drop more downwards.
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