Biggest Movers: MATIC Moves to 10-Month High, ATOM Extends Recent Gains

Polygon roseate to its strongest constituent since past April, arsenic prices roseate by arsenic overmuch arsenic 6% connected Feb. 8. The token surged for a 2nd consecutive session, aft snapping a three-day losing streak connected Tuesday. Cosmos besides surged higher successful today’s session, arsenic it moved person to caller highs.

Polygon (MATIC)

Polygon (MATIC) extended a caller rally connected Wednesday, with prices jumping to a ten-month high.

Following a debased of $1.22 connected Tuesday, MATIC/USD raced to an intraday precocious of $1.31 successful today’s session.

Today’s determination saw MATIC/USD ascent to its strongest constituent since April 26, 2022, erstwhile the token was astatine a precocious of $1.36.

MATIC/USD – Daily Chart

As tin beryllium seen from the chart, the surge successful terms sent the 14-day comparative spot scale (RSI) to a semipermanent absorption constituent of 71.00.

So far, bullish momentum has not been beardown capable to walk this zone, with the scale present tracking astatine 69.83.

Should a breakout hap implicit the coming days, it is apt that traders volition people a ceiling astatine $1.35.

Cosmos (ATOM)

Another notable mover connected hump time was cosmos (ATOM), which besides closed successful connected a caller multi-month high.

ATOM/USD ascended to a highest of $15.18 earlier successful the day, which comes aft trading astatine a debased of $14.32 connected Tuesday.

This resulted successful ATOM moving person to a semipermanent absorption level astatine $15.20, and not acold from past Friday’s precocious astatine $15.44.

ATOM/USD – Daily Chart

The aforementioned apical was the strongest constituent that cosmos had deed since November 5, and it appears arsenic though bulls are looking to recapture this.

As of writing, the RSI is tracking astatine 64.23, and successful bid to execute the above, a determination beyond an upcoming ceiling of 65.00 indispensable occur.

Overall momentum inactive seems to beryllium bullish, with further higher highs imaginable arsenic the league progresses.

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Do you expect cosmos to determination supra $15.44 this week? Let america cognize your thoughts successful the comments.

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