The price of Polygon (POL) saw a 3.6% surge to $0.726 during Wednesday's U.S. market session. Ethereum also experienced a notable increase of over 6%. However, there is a risk of a breakdown to $0.6 as the Polygon Foundation wallet transferred millions of POL tokens to the FalconX trading platform. The market cap of Polygon currently stands at $6.06 billion, with a 24-hour trading volume of $880.7 million. Large transactions, especially linked to the Foundation wallet, can create uncertainty and downward pressure on the price of Polygon. Despite this, the coin has seen a high-momentum rally in recent weeks and is currently in an uptrend, with potential resistance at $7.5 and support at the bottom trendline. A breakdown below the bottom trendline could delay a $1 rally for Polygon and extend a correction below $0.6.



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