Polygon Falls 3.64% as Binance Futures Open Interest Rises 5.67%

POL traded near $0.09, down 3.64% over 24 hours, while Binance futures open interest rose 5.67%. Binance spot volume was $4,758,610. POL’s daily range was $0.09 to $0.10. Its 14-day relative strength index (RSI) was 48.24, a neutral reading. Moving averages clustered around $0.09, while the 50-day simple moving average was $0.10. Futures open interest stood at 140,555,421 contracts, with a daily open-interest value of $14,015,141. Funding was positive at 0.0050%, meaning long traders were paying short traders. The Binance global long-short ratio was 1.8885, with 65.4% long and 34.6% short. On the spot chart, $0.09 was both the pivot and support, while $0.10 was the nearest resistance. The indicators did not confirm a breakout from the range, and no dated catalyst for a move beyond it was identified.

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