MATIC moves to 10-month high, whilst ATOM extends recent gains.
Polygon rose to its strongest point since last April, as prices rose by as much as 6% on Feb. 8. The token surged for a second straight session, after snapping a three-day losing streak on Tuesday. Cosmos also surged higher in today’s session, as it moved closer to recent highs.Following a low of $1.22 on Tuesday, MATIC/USD raced to an intraday high of $1.31 in today’s session.
Today’s move saw MATIC/USD climb to its strongest point since April 26, 2022, when the token was at a high of $1.36.As can be seen from the chart, the surge in price sent the 14-day relative strength index to a long-term resistance point of 71.00. So far, bullish momentum has not been strong enough to pass this zone, with the index now tracking at 69.83.
Should a breakout occur over the coming days, it is likely that traders will target a ceiling at $1.35.
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