- Bhilai fork raises gas limits and improves fee distribution mechanisms.
- MATIC shows bullish RSI signals and holds support above $0.21 level.
Polygon’s PoS chain is gearing up for vital technical upgrades targeting efficiency and scalability. Multiple protocol improvement proposals (PIPs) will go live over the next few weeks. These changes aim to optimize block propagation, fee handling, and consensus mechanisms. Meanwhile, MATIC is showing early signs of upward momentum on both the 4-hour and daily charts.
Bhilai Hard Fork and PIP Proposals Set to Transform Polygon
Polygon is preparing to launch several upgrades this summer as part of its Bhilai hard fork. Dimitri from bountyblok stated that the gas limit will increase to approximately 45 million. This will allow more transactions per block and integrate EIP-1559 fee adjustments for improved predictability.
A key protocol, PIP-66, will let nodes broadcast block headers immediately, speeding up data propagation between peers.
Harry Rook from the Polygon Foundation confirmed that PIP-62 will migrate Heimdall from Tendermint to CometBFT. This migration includes planned node downtime. During this period, nodes will export their state and restart while keeping historical data available in read-only mode.
In addition, PIP-64 will introduce a single block producer per time window. This eliminates mini-reorgs and supports stateless witness validation, lowering hardware demands.
PIP-65 will restructure the fee and MEV distribution. Dimitri explained that all tips and fees will move into one on-chain pool. Block producers will receive a fixed commission, and validators will share the remaining rewards according to stake and uptime.
Testing is ongoing on the Amoy testnet. The Bhilai testing phase is expected to conclude by June 3. Mainnet and Amoy deployments are scheduled for June 10–11 and July 1–2, respectively. Heimdall v2 migration work is also progressing, with Mumbai testnet deployments underway.
MATIC Technicals Show Early Signs of Recovery
Polygon (MATIC) is showing a mild uptrend across shorter and longer timeframes. On the 4-hour chart, MATIC is trading at $0.2198, up 0.41% in the last session.
The price rebounded from the $0.205 level on May 31, forming higher lows and approaching the $0.22 resistance zone. A breakout above the $0.222 mark could trigger an upward move toward the $0.230 resistance level.
The Relative Strength Index (RSI 14) on the 4-hour chart is at 54.73. This reading is above the neutral 50 threshold and the signal line at 44.43, suggesting strengthening bullish momentum. The RSI crossover supports the upward trajectory and indicates renewed market interest.
Daily Chart Confirms Stabilization Around $0.21 Support
Polygon is holding above the $0.21 level on the daily chart, reinforcing a support zone. MATIC opened at $0.2189 and reached an intraday high of $0.2211 before a slight pullback. The asset has increased by 0.41% over the past 24 hours, based on data from TradingView.
Price action shows a modest recovery from the $0.20 support. Resistance remains strong at nearly $0.25, which capped gains during prior rallies.
The daily RSI stands at 44.60, with a recent crossover above its signal line at 46.42. This suggests early signs of bullish divergence. A push above 50 would confirm building momentum and may signal further gains if the trend continues.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
