Biggest Movers: MATIC Moves to 6-Month High, ATOM up 10%

Polygon roseate for a 2nd consecutive league connected Friday, climbing by arsenic overmuch arsenic 20%. This surge pushed prices of the token to their highest level since May. Cosmos was different large gainer connected Friday, with prices rallying to a five-week high. Overall, the cryptocurrency planetary marketplace headdress is present trading 2.64% higher.

Polygon (MATIC)

Polygon (MATIC) was trading higher for a 2nd consecutive league connected Friday, arsenic it roseate by arsenic overmuch arsenic 20%.

Following a debased of $0.9267 connected Thursday, MATIC/USD rallied to an intraday highest of $1.15 earlier today.

Today’s gains took the token to its highest level successful precisely six months, erstwhile prices were trading supra $1.18 connected May 4.

MATIC/USD – Daily Chart

As tin beryllium seen from the chart, the determination occurred arsenic prices broke retired of a cardinal absorption level of $0.95.

In summation to this, the 14-day comparative spot scale (RSI) is present tracking adjacent a ceiling of 77.00, for the archetypal clip since mid-July.

Prices are present heavy successful overbought territory, which could beryllium an invitation to bears to statesman reentering the marketplace successful coming days.

Cosmos (ATOM)

In summation to MATIC, cosmos (ATOM) broke retired of a cardinal absorption level of its own, arsenic prices were trading implicit 10% higher.

ATOM/USD rallied to a precocious of $14.97 earlier successful today’s session, which comes a time aft sitting astatine a bottommost of $13.44

This highest has resulted successful ATOM hitting its highest constituent since September 23, erstwhile the token failed to determination past a ceiling of $15.25.

ATOM/USD – Daily Chart

As of writing, prices person already begun to slip, present astatine $14.73, which comes arsenic the RSI seems to person deed a wall.

Looking astatine the chart, the scale is tracking astatine 66.50, adjacent to a ceiling of 66.80, which has besides been successful spot since September.

Unless terms spot moves beyond this point, it is improbable that ATOM volition proceed to widen today’s gains.

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Do you expect cosmos to ascent beyond its upcoming absorption this weekend? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Dennis Diatel / Shutterstock.com

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