Polygon (POL) Technicals Flash Bullish as Heimdall v2 Upgrade Nears – $0.225 Target in Play
Main Idea
Polygon (POL) is experiencing a bullish trend ahead of its Heimdall v2 upgrade, which aims to improve network performance and reduce technical debt, while its ecosystem shows strong growth in DeFi and NFT sectors.
Key Points
1. Polygon's Heimdall v2 upgrade, scheduled for July 10, 2025, is expected to significantly reduce technical debt and enhance network performance.
2. The network has shown strong metrics, including 1.6 million daily active addresses and a DeFi TVL exceeding $1 billion, driven by platforms like Aave and Uniswap.
3. Polygon's NFT sector is thriving, with $23.3 million in sales last month and a 35.63% increase in buyer count, led by collections like Courtyard's Pokémon NFTs.
4. The POL/USDT price chart indicates a bullish ascending triangle breakout, with strong buying volume and momentum supporting the upward trend.
5. Polygon's ecosystem growth is further supported by partnerships with X and Ronin Network, as well as real-world asset initiatives like Franklin Templeton's tokenized funds and Flipkart's Web3 expansion in India.
Description
POL rose 7.25% in the past day, as traders bet big on Polygon’s make-or-break Heimdall v2 upgrade, slated for July 10, that promises to slash transaction times while tackling the network’s oldest technical demons. The rally comes despite Polygon’s planned zkEVM sunset, with on-chain data showing 1.6 million daily active addresses and a DeFi TVL of over $1 billion holding strong. Technical analysis suggests more upside if the upgrade delivers on its promise of 5-second finality. Polygon to Launch...
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