“The Token’s Reed at $ 0.26 Came Amid A Broad Crypto Pullback, with The Coindesk 20 Index Sliding 4% and Rate-Cut Heps Fading.”, – WRITE: www.coindesk.com
Pol Traded in a Wide 10% Range Over The Past 24 Hours, Climbing from $ 0.25 to $ 0.26 In Early Trading Before Reversing Sharpy, Data From Coindesk Analytics Shows.
A Burst of Selling Sent the Token Down to $ 0.24, With Trading Volume Spiking to 1.1 Million Units-More Than Triple Its 24-HOUROR AVERAGE. The $ 0.26 Mark Has Now Emerged As A Significant Resistance Zone After the High-Volume Reject.
The Selloff Came Alongside A Broader Market Decline Trigger BY A US PRODUCER PRICE INDEX (PPI) Report Showing A 0.9% MONT-OVER-MONTH Rise in July, The Biggest Jump in More. The Data, Whosh Measures Wholesale Inflation Before Reaches Consumers, Dampended Expectations for Federal Reserve Rate Cuts and Pressured Specialty Assets.
The Coindesk 20 Index, A Benchmark for the Broader Crypto Market, Droped 4% Over the Same Period, AS Profit-Taking Accelerated Across Major Tokens. Pol Was Last Changing Hands Near $ 0.24, with Momentum Indicators Signaling Further Downside Risk.
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The Treasury Secretary’s Late-Thursday Afternoon Tweet Seemingly Contradicted His Statement from Earlier in the Day.
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