Polygon's native token, POL (formerly MATIC), rose nearly 3% to $0.189 over a 24-hour period, surpassing the broader crypto market's 1.7% gain. The token experienced significant trading volume, reaching 597,718, well above the daily average of 189,000, indicating strong institutional engagement. Technical analysis highlighted multiple support zones, especially between $0.183 and $0.184, where buyers were consistently active. The trading range for POL was between $0.184 and $0.189, showcasing positive volatility patterns. Current technical patterns reveal higher lows and tight price compression around $0.189, suggesting a potential breakout soon. Resistance remains evident at around $0.1897, indicating market equilibrium before any major price movement. The increase in POL's value coincides with an announcement regarding the upcoming launch of Polygon PoS’s Heimdall v2 consensus layer set for July 10, 2025. Overall, the rapid rise in this token underscores its robust market performance amid significant trading volumes and pivotal technical developments.

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