Polygon Rebounds to $0.80 as Adoption Grows Despite Upcoming Token Migration
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Polygon (MATIC) price has rebounded to $0.80 after initial negative reaction to upcoming token migration.
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Transaction count on Polygon network is at highest level since late September, suggesting growing adoption.
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Polygon announced $90 million ecosystem development fund, which could further boost usage.
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MATIC futures open interest has increased by over $100 million in past month, signaling bullish sentiment.
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MATIC price faces initial resistance at $0.92, but outlook is positive for reclaiming $1 if bullish momentum continues.