The native token POL (previously MATIC) increased nearly 3% in the last 24 hours, outperforming the broader market after forming multiple support zones, based on technical analysis data.
The token rose from $0.184 to $0.189, with a trading range of $0.0082 (4.28%), indicating constructive volatility patterns.
Solid support was established within the $0.183 to $0.184 range, with significant buying interest. Exceptional volume of 597,718 significantly exceeded the daily average of 189,000, suggesting strong institutional involvement during the rally and confirming successful movement above the $0.187 resistance level.
The technical setup reveals progressively higher lows between $0.1890-$0.1892, demonstrating support strength, while overhead resistance remains around $0.1897. This creates a compressed trading band that reflects market balance before potential directional movement.
The token outperformed the broader crypto market measured by the RialCenter Index, which rose about 1.7% during the same time.
This movement follows the announcement of Polygon PoS’s consensus layer, Heimdall v2, set to launch on July 10, 2025, as stated by the foundation’s CEO. “This will be the most technically advanced hard fork Polygon PoS has experienced since its inception in 2020,” he mentioned in a post.
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