Biggest Moves: MATIC Climbs to 5-Week High, ATOM Extends Recent Gains – Market Updates Bitcoin News
Polygon was one of Tuesday’s notable winners, as the token rose to its highest point since mid-September. Today’s surge saw prices of the cryptocurrency rise for a third session in a row. Cosmos also extended recent gains, climbing to its strongest point in recent days.
Polygon (MATIC)
Polygon (MATIC) was a notable winner on Tuesday, as the token rose for the third day in a row.
MATIC/USD rose to an intraday high of $0.876 earlier in today’s session, less than a day after trading at a low of $0.8293.
This move saw the token climb to its highest point since September 13, marginally rising above a ceiling of $0.8775 in the process.
Looking at the chart, today’s move comes after a breakout of the Relative Strength Index (RSI) on 14v days, which rose past a key ceiling.
This ceiling of 59.50 was breached earlier in the day, and at the time of writing the index is following at 61.46.
Despite prices moving below previous highs, bulls are likely to continue targeting the $0.9000 level in the coming days.
Cosmos (ATOM)
In addition to MATIC, cosmos (ATOM) was also in the green, as the token moved higher for a third consecutive day.
ATOM/USD rose to a high of $12.70 earlier in the day, and the moves come less than 24 hours after the coin traded at a low of $12.18.
Today’s price surge saw cosmos climb to its strongest point since October 10, when the token topped $13.00.
Earlier momentum has faded marginally, as the RSI collided with a resistance at 49.00, which has been in place since late September.
At the time of writing, ATOM is now trading at the $12.52 level, which is slightly below a key ceiling of $13.30.
Should price strength increase beyond the current hurdle, we will likely see the token move back to the aforementioned resistance.
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Do you expect the cosmos to reclaim this roof this week? Let us know your thoughts in the comments.
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