MATIC moves back into crypto top 20, after rising by over 25% on Thursday.
Following a low of $0.4042 on Wednesday, MATIC/USD surged to an intraday peak of $0.5145 earlier today.
This move saw MATIC become the world’s 18th largest cryptocurrency by market capitalization, all while hitting an 11-day peak.Despite these gains, it appears that bulls are looking towards the ceiling of $0.6650 as the next price target. Overall, MATIC has risen by over 25% in today’s session, with its seven-day average now nearing a 30% increase.
In addition to this, the 14-day RSI is tracking at its highest point in over three months, after hitting a high of 48.64 earlier today. All in all, sentiment seems to be firmly bullish in the short-term, however traders will see if this matures into the mid-term.
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