POL Price Eyes Major Breakout Ahead of Today’s Heimdall v2 Hard Fork
Main Idea
Polygon's POL token surged nearly 7% ahead of the Heimdall v2 hard fork, which is the most technically complex upgrade in Polygon's history, aimed at improving network efficiency and security.
Key Points
1. POL price surged nearly 7% in 24 hours, reaching $0.1975, with trading volume up 31.94% ahead of the Heimdall v2 upgrade.
2. Heimdall v2 is Polygon's most ambitious hard fork, upgrading the consensus layer to CometBFT and Cosmos SDK v0.50 for improved efficiency and security.
3. The upgrade aims to reduce legacy technical debt and enhance user experience, including safer bridging to other networks.
4. Polygon co-founder Sandeep Nailwal warned of potential short-term volatility during the upgrade, with a 1-hour migration window on July 10.
5. Technical indicators like MACD show a bullish crossover, with key resistance at $0.1983 and support at $0.182.
Description
Polygon (POL) surged nearly 7% in 24 hours, reaching a high of $0.1975 ahead of the Heimdall v2 upgrade. Trading volume jumped 31.94%, reflecting renewed investor interest as the July 10 launch nears. Heimdall v2 introduces a major overhaul, slashing finality to 5 seconds and eliminating legacy technical debt. The price of Polygon’s native token, POL, is pushing against a key resistance level and eyeing a major breakout as the network prepares to launch its most technically complex hard fork eve...
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