The Polygon price declined to a key support level as cryptocurrency prices tumbled. MATIC declined to $1.0853, which was the lowest level since September 7. It has fallen by more than 30% from its highest level this week.
MATIC has not been left behind
Cryptocurrency prices are in a deep sell-off as investors remain concerned about several things. First, there are worries about the Decentralized Finance (DeFi) industry. In the past few weeks, many regulators have voiced concerns about this fast-growing industry.