Polygon’s POL Token Climbs on Strong Technicals and Heimdall Upgrade Buzz
Polygon’s POL token, previously known as MATIC, rose nearly 3% over the last 24 hours, trading at $0.1891 and outpacing the broader crypto market’s 1.7% gain, as reflected by the CoinDesk 20 Index.
Technical analysis from CoinDesk Research shows POL advancing from $0.184 to $0.189, with a 4.28% trading range of $0.0082, signaling active price action.
The token has established solid support between $0.183 and $0.184, where buying activity has repeatedly emerged. Trading volume surged to 597,718—triple the daily average of 189,000—indicating heightened institutional interest and validating a breakout above $0.187 resistance.
Price charts reveal higher lows forming between $0.1890 and $0.1892, suggesting persistent bullish momentum, while resistance remains clustered near $0.1897. The narrow trading range points to consolidation, potentially preceding a significant price move.
Adding fuel to the rally is excitement over Polygon’s upcoming Heimdall v2 upgrade, scheduled for July 10, 2025. “This is the most technically complex hard fork Polygon PoS has seen since its launch in 2020,” the foundation’s CEO shared on X, sparking optimism among investors.
