Published on October 05, 2023 16:07 GMT+00:00edited on October 05, 2023 16:09 GMT+00:00

Polygon (MATIC) is wobbling in a murky technical environment, down 4.2% to $0.557 on Friday. The leading Ethereum Layer 2 scaling protocol has ignored sentiments around the development of a major upgrade, Polygon 2.0. From a long-term perspective, a rebound is brewing, however, short-term analysis reveals the possibility of another sweep at lower support areas

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