Polygon registered its highest level in August. The token gained as high as 10% Thursday. Today’s rise comes despite cryptocurrency markets mainly residing in the red, with the global market cap down 0.41% as of writing. Flow was another notable expectation to today’s declines, climbing by 14% earlier in the day.
Polygon (MATIC) rose by as much as 10% in today’s session, as the token climbed to its highest point since August.
MATIC/USD rose to $0.9813 intraday after a low on Wednesday of $0.8403.
It marked the highest level of trading since August 15, when token racing traded at $1.033.
The chart shows that the relative strength index for 14 days (RSI), has also surged. It broke through a crucial resistance. The current index reading is at 62.19, just marginally higher than the ceiling of 60.75.
Bulls may seek to regain the $1.00 mark if this upward momentum continues. MATIC traders need to first raise price strength to 65.00.
Flow (FLOW) snapped a four-day losing streak in today’s session, as the token raced to a multi-week high.
FLOW/USD soared to a $2.04 high earlier today. This comes just a day after the low of $1.57. Today’s rally in FLOW has led to a breakout of a ceiling at the $1.80 point, which had been in place since mid-September.
FLOW’s RSI has not reached a resistance level. The next ceiling is at 65.40.
At the time of writing the index was at 63.05. The 10-day moving average (red), is hovering just above its blue counterpart (25-day).
FLOW may reach $2.15 if this trend continues.
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Are we likely to see flow reach $2.15 a week? We would love to hear your comments.
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