81.60% Polygon holders underwater- But is a recovery ahead?

Quick Summary:

Polygon holders are feeling the pressure, highlighting bearish market sentiment.

Periods like these often see increased selling pressure as frustrated holders exit their positions, exacerbating the downtrend.

Historically, such high percentages of loss-making holders have sometimes been a precursor to recovery phases.

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Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets: United States

Topics: Altcoin Trading View News News 1 Polygon Social Ambcrypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 12:00:26 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23719785

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 27 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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