Polygon Price Analysis: Sharp 16% Drop in 24 Hours, What’s Behind the Decline?

Polygon, a Layer 2 scaling solution, has exhibited a descending trend, reflecting the recent downturn in the cryptocurrency market. This decline is part of a broader global market correction, as most other cryptocurrencies have also turned bearish. Amid significant whale transactions, the market sentiment remains cautious, contributing to the downward pressure on polygon price analysis.