Biggest Movers: MATIC Climbs to 5-Week High, ATOM Extends Recent Gains – Market Updates Bitcoin News

Polygon was one of Tuesday’s notable gainers, as the token rose to its highest point since mid-September. Today’s surge saw prices of the cryptocurrency rise for a third straight session. Cosmos saw its recent gains extend, reaching its strongest point in recent times.

Polygon (MATIC).

Polygon (MATIC), which was notable for its gains on Tuesday, saw the token rally for a third straight day.

MATIC/USD surged to an intraday peak of $0.876 earlier in today’s session, less than a day after trading at a low of $0.8293.

The token climbed to $0.8775, its highest level since September 13th.

Biggest Movers: MATIC Climbs to 5-Week High, ATOM Extends Recent Gains
MATIC/USD – Daily Chart

Looking at the chart, today’s move comes following a breakout of the relative strength index (RSI) of 14v days, which rose past a key ceiling.

This ceiling, which was set at 59.50, was broken earlier in today’s day. As of this writing, the index is at 61.46.

Bulls are likely to still aim for the $0.9000 mark in the next days, despite prices falling below their previous highs.

Cosmos (ATOM)

Cosmos (ATOM), in addition to MATIC was also green as the token moved higher.

AtOM/USD spiked to $12.70 earlier today, less than 24 hours following a $12.18 low.

Today’s surge in price saw cosmos climb to its strongest point since October 10, when the token was above $13.00.

Biggest Movers: MATIC Climbs to 5-Week High, ATOM Extends Recent Gains
ATOM/USD – Daily Chart

The earlier momentum is now only marginally fading as the RSI meets a resistance of 49.9, in effect since late September.

ATOM trades at $12.52 as of this writing. This is slightly lower than the key ceiling of $13.30.

If the price strength of the currency rises above its hurdle, it is likely that the resistance will be overcome.

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Eliman Dambell

Eliman has a unique perspective on market analysis. He was previously a retail trading teacher and brokerage director. Today, he is a commentator for various asset types, such as Crypto, Stocks, FX.




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