Polygon’s native token POL is gaining strong momentum ahead of a major network upgrade, the Heimdall v2 mainnet launch scheduled for July 10. With the upgrade aiming to boost network speed, stability, and future scalability, both investors and developers are closely watching the token’s movement.
Heimdall v2: A Major Network Milestone
Heimdall v2 is being called Polygon’s most technically complex hard fork since its proof-of-stake (PoS) chain launched in 2020. Co-founder Sandeep Nailwal confirmed that this upgrade replaces outdated consensus tools and brings significant improvements.
Key technical changes include:
- Upgrading from Tendermint and Cosmos-SDK v0.37 to CometBFT and Cosmos-SDK v0.50
- Removing legacy code from 2018–2019, reducing technical debt
- Enhancing security, traceability, and stability for enterprise and regulated use cases
This update is expected to significantly improve network performance and will support Polygon’s scaling target of 1,000 TPS in July, with 5,000 TPS aimed by October via the upcoming AggLayer upgrade.
What to Expect During the Upgrade?
The mainnet upgrade is set between 2:00 PM and 5:00 PM UTC on July 10, at block height 24,404,500.
During this transition:
- Node operators must upgrade to Heimdall v1.2.5 (or fallback to 1.2.4)
- Finality could lag by up to 3 hours, so dApps are advised to temporarily increase confirmation thresholds
- Upgrade was successfully tested on the Amoy testnet on June 24, boosting community confidence
- Key improvements tested include PIP-62 (dependency handling) and PIP-44 (genesis state import)
All signs point to a smooth upgrade, barring unexpected issues.
POL Price Action: Signs of a Breakout
Ahead of the upgrade, POL has surged by 7% in the last 24 hours and 11% over the past week, currently trading at $0.2001. Trading volume is also up by 71.4% to $92 million, while derivatives volume rose nearly 68% to $83.75 million.
Technical indicators show bullish signs:
- POL has broken above both the 20-day EMA ($0.1686) and 20-day SMA ($0.1823)
- Bollinger Bands are widening, indicating rising volatility
- The intraday price broke above the upper Bollinger Band ($0.1960) – a strong bullish signal
- RSI stands at 56.78, showing upward momentum without being overbought yet
If POL holds above the $0.196 support, the token may test the next resistance between $0.22 and $0.24. However, a fall below $0.19 could pull it back to $0.168, the lower Bollinger Band.
Rising Interest in Spot and Derivatives Markets
POL is seeing growing interest in both spot and derivatives markets:
- Open interest in derivatives has jumped 10.98% to $98.7 million
- High trading volume and positive price momentum suggest increased investor confidence
This surge suggests traders are positioning themselves ahead of the Heimdall upgrade, expecting the network improvements to reflect positively on POL’s long-term value.
All Eyes on July 10
Polygon’s Heimdall v2 upgrade is a major milestone for its PoS chain. It not only modernises the network’s foundation but also sets the stage for high scalability and enterprise adoption.
POL’s recent price rally shows market optimism, but the final outcome depends on the success of the mainnet upgrade. If the transition is smooth and the network shows better performance, it could fuel further gains in the days and weeks ahead.
For now, $0.22–$0.24 remains the next key resistance zone, while $0.196–$0.19 will be critical support levels to watch during the upgrade window.
