Größte Umzugshelfer: MATIC Rebounds, as SOL Falls Back Towards Support

Polygon climbed higher in today’s session, as cryptocurrency markets marginally rebounded on Wednesday. The global crypto market cap was up by nearly 1% früher am Tag, as Tuesday’s losses eased. Solana, on the other hand, remained lower, as it fell towards a key price floor.

Polygon (MATIK)

Polygon (MATIK) edged higher on Wednesday, as the token moved away from a recent point of support.

Following a low at $0.954 am Dienstag, MATIC/USD jumped to a peak of $0.9925 earlier in today’s session.

As a result of the move, polygon bounced from a recent price floor of $0.950, after recently falling to a multi-week low.

Blick auf das Diagramm, Wednesday’s surge led to the relative strength index (RSI) colliding with a long-term ceiling of 40.00.

Zum Zeitpunkt des Schreibens, the index is tracking at 39.22, with MATIC at a level of $0.9813.

Despite earlier gains easing, there is still optimism that polygon could climb back above $1.00 in dieser Woche.

Solana (SOL)

Auf der anderen Seite, solana (SOL) remained in the red, as the token moved back towards a recent price floor.

SOL/USD retreated to a low of $21.36 earlier in today’s session, weniger als 24 hours after the token traded at a high of $22.37.

Wednesday’s drop in price has sent SOL close to its long-term support point at $21.00, which was last hit a week ago.

From the chart, it appears that today’s decline came as the RSI made a move for its own floor at 45.00

Stand des Schreibens, price strength is tracking at 45.17, with bears likely to push for a breakout in the coming hours.

Should this occur, there is a chance that SOL could move closer to $20.00 in the coming days.

Register your email here to get weekly price analysis updates sent to your inbox:

Do yo expect solana to hit $20.00 in dieser Woche? Teilen Sie uns Ihre Gedanken in den Kommentaren mit.

Elijah Dambell

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Zur Zeit, he commentates on various asset classes, including Crypto, Aktien und Devisen, whilst also a startup founder.

Bildnachweise: Shutterstock, Pixabay, Wiki-Commons