Största Movers: MATIC flyttar till 2-veckors högsta, när marknadsvolatiliteten minskar

Polygon was a notable mover on Friday as the token surged to a two-week high, while volatility in crypto markets eased. Traders have been tense this week ahead of the payrolls report, however following the release of the data, bulls returned to action. Chainlink also rose, hitting a ten-day high in the process.

Polygon (MATIC)

Polygon (MATIC) was one of Friday’s big gainers, as the token rallied by as much as 7% i dagens pass.

Efter en låg av $0.8342 på torsdag, MATIC/USD moved closer to $1.00 i dag, as prices surged to a peak of $0.9083.

This sees the token climb to its highest point since August 17, and comes as prices marginally broke out of a key resistance point.

Tittar på diagrammet, this ceiling was the $0.9015 märke, which has recently acted as a point of market uncertainty.

Friday’s breakout comes as the 14-day relative strength index (RSI) also rose, with the index hitting a nearly three-week high.

När jag skrev, the RSI is close to a ceiling of 60.00, which could see bears return, especially if bulls opt to secure gains, rather than maintain positions.

Chainlink (LINK)

Chainlink (LINK) also extended recent gains on Friday, with prices rising to a ten-day high earlier in the day.

LINK/USD rose to an intraday high of $7.15 i dagens pass, which is a point that has also acted as resistance.

This rise is the strongest point for chainlink since August 26, which is the last time the token was trading at this current ceiling.

Som sett från diagrammet, on that occasion, bears moved to engulf bulls, sending prices to a bottom of $6.40.

The RSI has hit a ceiling of 50.00, which could trigger history to repeat itself, however bulls have so far resisted this.

It appears that traders are targeting the $7.50 level as a potential exit point, which could mean a breakout of $7.15 may be on the cards in upcoming days.

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Elijah Dambell

Eliman tar med en eklektisk synvinkel till marknadsanalys, efter att ha arbetat som mäklardirektör, detaljhandelsutbildare, och marknadskommentator i Crypto, Aktier och valuta.

Bildkrediter: Shutterstock, Pixabay, Wiki Commons, Dennis Diatel / Shutterstock.com