Biggest Movers: MATIC Rallies, Hitting Fresh 10-Month High


Polygon’s recent gains have been extended, with prices rising to a new ten-month high Friday’s session. The token is now up for a fourth consecutive session and is up 13% compared to last week. Polkadot also rallied Friday, colliding with a key resistance point in the process.
Polygon (MATIC).
Polygon (MATIC), which rose for the fourth consecutive session on Friday, pushed prices to a new ten-month high.
After a low of $1.36 Thursday, MATIC/USD rallied earlier today to an intraday high at $1.48.
This move drove polygon to its highest point since April 22, when prices reached a peak at $1.50.

Overall, this rally comes as the 14 day relative strength index (RSI), climbed past a higher ceiling of 70.00.
The index is currently tracking at 73.23 as of the time this article was written. This is the highest reading since January.
If momentum continues in this direction, MATIC could rise above $1.50.

Polkadot (DOT)
Today’s session saw a spike in Polkadot prices (DOT), as they reached a key resistance level earlier today.
The DOT/USD reached a peak of $6.80 Friday, less than 24 hours after trading at $6.31.
This led to polkadot breaking through a long-term resistance level at $6.75 mark four days after trading at $6.15 support.

The RSI surpassed its ceiling at 58.00 and is currently tracking at 59.02. This was a major factor in the movement.
The target price for DOT bulls is $7.00, with a resistance of 62.00 on the index as a possible banana skin.
As of writing, polkadot has increased almost 9% since last week.
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Could the polkadot rise above $7.00 this weekend We’d love to hear your thoughts in the comment section.


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