MATIC, QNT Move Higher on Friday, as Cryptos Rebound – Market Updates Bitcoin News
Polygon was a notable gainer on Friday, as cryptocurrencies rallied after a turbulent week of trading. The global crypto market capitalization is 2.28% higher at the time of writing as markets braced for the release of US consumer sentiment data. Quant was another big draw, as prices rose for the second day in a row.
Polygon (MATIC)
Polygon (MATIC) was a notable mover on Friday, as the token rose to its highest point since Monday.
After a low of $0.9062 on Thursday, MATIC/USD rallied to an intraday high of $0.9324 earlier today.
As a result, the token moved closer to a key resistance level of $0.9540, which was last hit on December 4.
While prices are nearing a ceiling, the 14-day relative strength index (RSI) has also moved towards its own support point at 53.00.
The 10-day (red) moving average is also trending higher, and it remains above its 25-day (blue) counterpart.
Despite recent turbulence, this is a sign of bullish momentum in the market, with some expecting further price increases this weekend
Quant (QNT)
Quant (QNT) was another symbol that gained on Friday, with prices rising for a second session in a row.
QNT/USD moved to a high of $124.88 earlier in the day, less than 24 hours after hitting a low of $120.70.
Today’s move sent QNT past a recent resistance point at $122.00, with bulls now looking to take the price to a higher ceiling.
Looking at the chart, this appears to be the $132.00 mark, which is where the quant started the week.
To recapture this mark, QNT bulls must first overcome the upcoming resistance at RSI at 52.00.
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Can we see quant hit this point during the weekend? Let us know your thoughts in the comments.
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