Polygon (POL) Gains 3% as Market Eyes Heimdall v2 Upgrade

Polygon’s native token, POL (formerly MATIC), climbed nearly 3% in the past 24 hours, outperforming the broader crypto market amid rising investor interest and key technical support. The token surged from $0.184 to $0.189, supported by a 4.28% trading range and strong volume activity, signaling renewed momentum.

According to CoinDesk Research’s technical analysis, POL established a solid support zone between $0.183 and $0.184, where consistent buyer activity helped stabilize price action. Trading volume reached 597,718—well above the daily average of 189,000—suggesting heightened institutional participation. The token also broke through the $0.187 resistance level, confirming bullish sentiment.

Technical indicators show a pattern of higher lows forming between $0.1890 and $0.1892, pointing to strengthening foundational support. However, POL now faces near-term resistance at $0.1897, creating a tight consolidation zone that could precede a breakout. The move comes as the token outperformed the CoinDesk 20 Index, which gained around 1.7% over the same period.

Fueling the rally is anticipation around the upcoming upgrade to Polygon PoS’s consensus layer. Scheduled for July 10, 2025, the Heimdall v2 hard fork is being called the most technically complex upgrade since the network’s launch in 2020. Polygon CEO highlighted the importance of the upgrade in a recent X post, underscoring its potential to enhance security and performance across the network.

As traders eye further upside, POL’s strong technical setup and growing developer momentum position it as a notable altcoin to watch. With market attention building around Heimdall v2, continued bullish action could lead to a significant price breakout in the days ahead.