Krutika Adani
Polygon’s price has crashed below $0.5, triggering a further collapse to $0.42.
The price has been in a downtrend since 14 March 2024 but is expected to reverse soon if Polygon crosses $0.43 in the next few days.
If the price fails to cross the resistance at $0.43, it may fall further to the next support level.
The next support zone for Polygon seems to be at $0.33, which is almost one-tenth of its ATH.
Polygon is currently undergoing a migration, during which it will migrate its main token from MATIC to POL. The latter is more versatile and can support re-staking natively.