Polygon's POL drops 7% below $0.10 as futures interest fades
- —POL fell 7% from $0.102 to $0.0948, with an intraday low near $0.090
- —Open interest in POL futures dropped to $50 million from October 12
- —RSI stood at 44.9, while Chaikin Money Flow was -0.11
- —Polygon Labs closed its Coinme acquisition, adding 37 money transmitter licenses
Why it matters: The token failed to react to Polygon's shift into regulated payments, signaling weak demand and persistent selling pressure.
Source: Cryptonews.net