Polygon’s Token Pol fell 6% on Thursday, falling through key support levels as US inflation data higher than expected shook risk assets.
Potized in a wide range of 10% in the last 24 hours, rising from $ 0.25 to $ 0.26 in the early negotiation before reverting sharply, as shown in Coindesk Analytics data.
A sales explosion sent the Token to $ 0.24, with a negotiation volume that increases to 1.1 million units, more than triple its average of 24 hours. The $ 0.26 brand has now emerged as a significant resistance zone after high volume rejection.
The sale of the sale was a broader decrease in the market triggered by a price index of the American producer (PPI) Report that shows an increase of 0.9% month by month in July, the largest jump in more than three years. The data, which measure the wholesale inflation before reaching consumers, decreased the expectations of the federal reserve features and the speculative assets pressed.
The Coendesk 20 index, a reference point for the broader cryptographic market, fell 4% during the same period, since the gain taking accelerated in the main tokens. Pol was changing his hands about $ 0.24, with impulse indicators that indicate a higher risk of decline.
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