Polygon POL Token Gains Momentum Ahead of Heimdall v2 Upgrade
Polygon’s POL token is gaining traction just before the Heimdall v2 mainnet upgrade on July 10. Currently, POL trades at $0.2001, up 7% in the past 24 hours and 11% over the week. trading volume has surged 71.4% to $92 million, with derivatives volume rising 67.87% to $83.75 million, according to Coinglass data.
The Heimdall v2 upgrade is a major step for Polygon. It updates the consensus layer from Tendermint and Cosmos-SDK v0.37 to CometBFT and Cosmos-SDK v0.50.Co-founder Sandeep Nailwal calls it the most complex hard fork since Polygon’s 2020 launch.
Key changes include:
- Removing legacy code from 2018-2019
- Improving security, stability, and traceability
- Supporting Polygon’s goal of 1,000 transactions per second by July
The upgrade is scheduled for 2:00 PM to 5:00 PM UTC at block height 24,404,500. Node operators should switch to Heimdall v1.2.5 or fallback to version 1.2.4. Finality may lag up to 3 hours during the migration.
On the daily chart, POL shows early signs of a breakout. It has surpassed the 20-day exponential moving average at $0.1686 and the 20-day simple moving average at $0.1823.The Bollinger bands are widening,suggesting increased volatility. If bulls hold above $0.19, POL might retest the $0.22–$0.24 range.
Price action may still depend on network stability and the successful rollout on July 10th, even though technical indicators suggest a bullish outlook.
