Largest Movers: MATIC Rallies, Hitting Recent 10-Month Excessive
February 17, 2023
Polygon has prolonged latest positive aspects, with costs climbing to a recent ten-month excessive throughout Friday’s session. The token has now risen for a fourth consecutive session, and is up 13% from the identical time final week. Polkadot additionally rallied on Friday, colliding with a key resistance stage within the course of.
Polygon (MATIC)
Polygon (MATIC) rose for a fourth consecutive session on Friday, pushing costs to a recent ten-month excessive.
Following a low of $1.36 on Thursday, MATIC/USD rallied to an intraday excessive of $1.48 earlier in at the moment’s session.
The transfer pushed polygon to its strongest level since April 22, when costs have been at a peak of $1.50.
General, this newest rally comes because the 14-day relative energy index (RSI) raced previous a better ceiling at 70.00.
On the time of writing, the index is monitoring at 73.23, which is its highest studying since late January.
Ought to momentum proceed on this course, there’s a good probability that MATIC might transfer again above $1.50.
Polkadot (DOT)
Polkadot (DOT) additionally surged in at the moment’s session, as costs ran right into a key resistance stage earlier within the day.
DOT/USD hit a peak of $6.80 on Friday, which comes lower than 24 hours after it traded at a flooring of $6.31.
This resulted in polkadot breaking out of a long-term resistance level on the $6.75 mark, 4 days after buying and selling at help of $6.15.
A significant contributor to the transfer was the truth that the RSI moved past a ceiling at 58.00, and it’s at present monitoring at 59.02.
DOT bulls doubtless have a goal of $7.00 within the coming days, with an upcoming resistance of 62.00 on the index a attainable banana pores and skin.
As of writing, polkadot is up virtually 9% from the identical level final week.
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