Biggest Movers:  MATIC Hits Highest Point Since August, as FLOW Jumps 14% on Thursday – Market Updates Bitcoin News

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).

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.

Biggest Movers: MATIC Hits Highest Point Since August, as FLOW Jumps 14% on Thursday
MATIC/USD – Daily Chart

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).

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.

Biggest Movers: MATIC Hits Highest Point Since August, as FLOW Jumps 14% on Thursday
FLOW/USD – Daily Chart

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.

Get weekly price analysis emails sent straight to your inbox by registering your email

Are we likely to see flow reach $2.15 a week? We would love to hear your comments.

Eliman Dambell

Eliman is a market analyst with a diverse perspective. He has previously been a broker director and retail trade educator. He is currently a commentator on various asset classes including Crypto, Stocks, and FX.

Image creditShutterstock. Pixabay. Wiki Commons

DisclaimerThis information is provided for educational purposes only. This article is not intended to be a solicitation or offer to sell or buy any product, service, or company. doesn’t offer investment, tax or legal advice. This article does not contain any information, products, or advice that can be used to cause or alleged result in any kind of damage.

Get more Crypto News at CFX Magazine