Polygon’s $MATIC price remains at the $0.38 support level, despite weakness in the broader cryptocurrency market. This stability is attributed to a new partnership with a financial institution, which offers a positive counterbalance to the hawkish signals from the Federal Reserve regarding interest rates. The partnership is seen as a bullish development, providing confidence to investors amid concerns about potential rate hikes. As the crypto market experiences fluctuations, the support level at $0.38 has become a focal point for traders and analysts. The ongoing developments surrounding Polygon and its partnerships may play a significant role in influencing market sentiment and price movements for $MATIC in the near future.
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