Polygon (POL) Advances 3% Despite Market Weakness, Driven by Early Session Rally
Polygon’s token POL gained 3% in the past 24 hours, outperforming the broader crypto market even as afternoon selling capped early-session strength.
The token climbed from $0.206 to a session high of $0.225 during early U.S. trading hours before retreating slightly to $0.221. Volume surged to 708,489 and 804,401 units in overnight and morning activity, nearly doubling the 24-hour average of 410,606, according to CoinDesk Analytics. The increase in volume highlights elevated trading interest, though sellers ultimately established resistance near the day’s high.
Despite the pullback, POL held a notable lead over the CoinDesk 20 Index, which dropped 2.4% during the same period.
Still, POL remains significantly off its December 2021 all-time high of $2.92, reflecting over a 90% drawdown.
Polygon continues to expand its strategic focus under new CEO and co-founder Sandeep Nailwal. In a recent Bloomberg interview, Nailwal emphasized plans to scale AggLayer — a protocol aimed at interconnecting blockchain ecosystems — and strengthen efforts around real-world assets and payment applications.
