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Polygon rose for a second consecutive session on Friday, climbing by as a lot as 20%. This surge pushed costs of the token to their highest degree since Could. Cosmos was one other huge gainer on Friday, with costs rallying to a five-week excessive. Total, the cryptocurrency world market cap is now buying and selling 2.64% increased.
Polygon (MATIC)
Polygon (MATIC) was buying and selling increased for a second consecutive session on Friday, because it rose by as a lot as 20%.
Following a low of $0.9267 on Thursday, MATIC/USD rallied to an intraday peak of $1.15 earlier at this time.
At present’s positive factors took the token to its highest degree in precisely six months, when costs had been buying and selling above $1.18 on Could 4.
As could be seen from the chart, the transfer occurred as costs broke out of a key resistance degree of $0.95.
Along with this, the 14-day relative energy index (RSI) is now monitoring close to a ceiling of 77.00, for the primary time since mid-July.
Costs are actually deep in overbought territory, which may very well be an invite to bears to start reentering the market in coming days.
Cosmos (ATOM)
Along with MATIC, cosmos (ATOM) broke out of a key resistance degree of its personal, as costs had been buying and selling over 10% increased.
ATOM/USD rallied to a excessive of $14.97 earlier in at this time’s session, which comes a day after sitting at a backside of $13.44
This peak has resulted in ATOM hitting its highest level since September 23, when the token failed to maneuver previous a ceiling of $15.25.
As of writing, costs have already begun to slide, now at $14.73, which comes because the RSI appears to have hit a wall.
Trying on the chart, the index is monitoring at 66.50, near a ceiling of 66.80, which has additionally been in place since September.
Except worth energy strikes past this level, it’s unlikely that ATOM will proceed to increase at this time’s positive factors.
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Picture Credit: Shutterstock, Pixabay, Wiki Commons, Dennis Diatel / Shutterstock.com
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