MATIC jumps to highest point since April.
Polygon rallied to a ten-month high on Thursday, as the token rose for a third straight session. Overall, cryptocurrency markets rebounded from recent losses, with the global market cap up 5.90% at the time of writing. Avalanche also surged, hitting a one-week high.Polygon surged to a ten-month high earlier in the day, as prices rose for a third consecutive session.
MATIC/USD moved to a peak of $1.39 earlier in today’s session, which comes a day after trading at a low of $1.27.MATIC/USD – Daily Chart Looking at the chart, polygon has had a mini-bull run this week, after bouncing off a floor at $1.20, leading up to a move to a ceiling at $1.35 today. Earlier gains have marginally eased, however, with the relative strength index moving close to a ceiling at 70.00.Avalanche Following a low of $18.39 on hump-day, AVAX/USD raced to an intraday high of $20.31 earlier in the day.
This resulted in avalanche climbing to its highest point since February 8, when the token last collided with a ceiling at $21.00.Looking at the chart, the initial surge took place following a break beyond a resistance at 55.00 on the RSI indicator.Should bears continue to push momentum lower, there is a strong chance AVAX could fall to a floor below $18.00.Tags in this story
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