MATIC Sees 3% Price Boost Driven by ‘Exceptional’ Trading Volumes

Polygon’s POL Token Gains Nearly 3% as Market Eyes Heimdall Upgrade

Polygon’s POL token, formerly known as MATIC, has jumped close to 3% over the past day, reaching $0.1891 and outshining the broader crypto market’s 1.7% uptick, according to the CoinDesk 20 Index.

CoinDesk Research indicates that POL climbed from $0.184 to $0.189, spanning a 4.28% trading range of $0.0082, showcasing robust price action despite wider market volatility.

The token has found steady support between $0.183 and $0.184, attracting consistent buying interest. Trading volume surged to 597,718—more than triple the average daily volume of 189,000—signaling increased institutional participation and confirming a breakout above the $0.187 resistance level.

Technical patterns reveal higher lows forming between $0.1890 and $0.1892, pointing to sustained bullish momentum. Meanwhile, resistance remains firm around $0.1897. This tight price channel suggests consolidation ahead of a potential breakout.

Much of the positive sentiment surrounds Polygon’s upcoming Heimdall v2 upgrade, slated for July 10, 2025. Polygon’s CEO described it on X as “the most technically complex hard fork Polygon PoS has seen since its launch in 2020,” fueling optimism among traders and developers alike.