ATOM was fast approaching a one-month high during Tuesday’s session, as bullish momentum continued to rise following recent gains. MATIC also made this move, reaching its highest level since June 29th.
Cosmos (ATOM)
ATOM was trading higher on Tuesday, as prices rose to a multi-week high earlier in today’s session.
The token rose to an intraday peak of $9.27 following yesterday’s July 4 celebrations, where prices hit a low of $8.14.
Today’s peak sees ATOM/USD hit its highest point since June 9, as prices made their way down below the $10 mark.
However, ATOM could be poised to climb back above $10 after recent gains as bullish pressure intensifies.
Although recent momentum has been higher, following today’s high, gains somewhat eased, with some opting to exit rather than push for further gains.
This uncertainty came as prices hit a resistance point at $9.10, which hasn’t been broken in nearly four weeks.
Polygon (MATIC).
MATIC has once again made the news for being a notable mover, as prices continue to move away from last week’s low.
Prices hit a bottom of $0.4218 on Friday, however, they surged to an intraday peak of $0.5325 earlier in today’s session.
This mark is MATIC/USD at its highest point since June 29, when it reached $0.4375. Support point 0.4375 has also stabilized.
Looking at the chart, today’s surge also comes following a breakout of the 45.50 ceiling on the 14-day RSI.
The Relative Strength Index currently stands at 47.40 as of this writing. This is the highest reading it has seen in seven days.
MATIC may soon collide with another ceiling if this trend continues, at $0.5557.
Is MATIC likely to sell off when this resistance level is reached? Please share your views with us in the comments.
Images CreditsShutterstock. Pixabay. Wiki Commons
DisclaimerThis article serves informational purposes. It does not constitute an offer, solicitation, or recommendation of any company, products or services. Bitcoin.com doesn’t offer investment, tax or legal advice. The author and the company are not responsible for any loss or damage caused or alleged caused by the content or use of any goods, services, or information mentioned in the article.