Polygonscan Outage Causes Confusion, but Polygon Network Remained Stable
Main Idea
The Polygonscan outage caused confusion among users, but the Polygon network remained stable, with the POL token showing resilience in the market despite technical disruptions.
Key Points
1. Polygonscan displayed blank data due to ongoing updates, leading to user confusion, but the Polygon network itself was unaffected.
2. RPC (Remote Procedure Call) endpoints were not fully patched after updates, causing panic among users who relied on them.
3. Despite the technical issues, the POL token price remained relatively stable, bouncing twice from the $0.214 support level.
4. Technical indicators like MACD and RSI suggested neutral to slightly bearish sentiment for POL at the time.
5. The lack of centralized communication from Polygon Labs during the disruption widened the trust gap among users.
Description
Polygonscan blackout sparked false outage fears amid outdated RPC endpoint issues POL price held firm despite network confusion, rebounding twice near $0.214 support Weak MACD and RSI near 46 hint at neutral to bearish sentiment for POL token The Polygon (POL) network experienced a confusing stretch on July 30 as users reported seeing blank data from the Polygonscan block explorer, causing alarm across the community. Many mistakenly believed the blockchain itself was down due to the lack of visi...
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