CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

CoinDesk 2025-07-08 19:45:15

Polygon’s Token Gains 3% After Seeing ‘Exceptional’ Trading Volume

Polygon’s native token POL (previously MATIC ) rose nearly 3% over the past 24 hours, outperforming the broader market, after establishing multiple support zones, according to CoinDesk Research's technical analysis data. The token climbed from $0.184 to $0.189 with a trading range of $0.0082 (4.28%), reflecting constructive volatility patterns, according to the model. The token built solid support foundations within the $0.183 to $0.184 corridor, where buyers consistently emerged. Exceptional volume activity up to 597,718 substantially surpassed the daily average of 189,000, indicating robust institutional engagement during rally phases and confirming successful penetration above $0.187 resistance, the model showed. The technical landscape also shows progressive higher lows between $0.1890-$0.1892, indicating foundational support strength, while overhead resistance persists around $0.1897, establishing a compressed trading band that reflects market equilibrium before potential directional resolution. The token outperformed the broader crypto market as measured by the CoinDesk 20 Index , which rose about 1.7% over the same period. The move comes amid recent announcement of Polygon PoS’s consensus layer, Heimdall v2, landing 10 July 2025, according to the foundation'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 .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.