Polygon’s POL Token Climbs Nearly 3% on Strong Technical Signals and Upcoming Upgrade

Polygon’s native token POL (formerly MATIC) gained close to 3% over the past 24 hours, trading at $0.1891 at press time and outperforming the broader crypto market, which rose around 1.7% as tracked by the CoinDesk 20 Index.

According to CoinDesk Research’s technical analysis, POL advanced from $0.184 to $0.189, charting a 4.28% trading range of $0.0082 and exhibiting healthy volatility patterns.

The token has established firm support between $0.183 and $0.184, where buyers have stepped in repeatedly. Trading volume surged to 597,718—well above the daily average of 189,000—suggesting significant institutional interest and confirming a decisive break above resistance at $0.187.

Technical indicators also point to a series of progressively higher lows between $0.1890 and $0.1892, underscoring solid support levels, while resistance remains clustered around $0.1897. This tight trading band suggests the market is in a consolidation phase ahead of a potential breakout.

The rally coincides with anticipation around Polygon PoS’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,” said the foundation’s CEO in a post on X.