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Is Polygon overvalued? What you should know as dApp volumes plunge 41%

Polygon’s Open Interest has decreased by 14 million USD, demonstrating market uncertainty. DApp volumes fell 41% to 6.16 billion USD, showcasing persistent bearish trends.

The NVT ratio’s rise suggests potential overvaluation for POL, trading at a crucial support level of 0.43 USD. A breach may lead to further declines in the price.

This is community-generated content, not advice from ONUS.
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