Polygon’s native token pole (formerly Matic) rose almost 3% over the last 24 hours and surpassed the wider market after creating more support zones, according to Coindesk Research’s technical analysis data.
Token rose from $ 0.184 to $ 0.189 with a trade range of $ 0.0082 (4.28%)that reflects constructive volatility patterns according to the model.
Token built solid support foundations within $ 0.183 to $ 0.184 corridor where buyers consistently appeared. Extraordinary volume activity up to 597,718 significantly exceeded the daily average of 189,000, indicating robust institutional commitment to rally phases and confirming successful penetration over $ 0.187 resistance shows the model.
The technical landscape also shows progressive higher low low levels between $ 0.1890- $ 0.1892, indicating basic support strength, while overhead resources persist about $ 0.1897, establishing a compressed trade band that reflects the market’s equilibrium before potential directional resolution.
The token exceeded the wider crypto market measured by the Coindesk 20 index, which increased approx. 1.7% in the same period.
The move comes in the middle of the recent announcement of Polygon Pos’s Consensus layer, Heimdall V2, Landing July 10, 2025, according to the Fund’s CEO. “This is the most technically complex hard-fork Polygon POS has seen since it’s launch in 2020,” he said in an X post.
