Biggest Movers: ETC Surges 14% to Hit 6-Week High on Saturday

Ethereum classical was 1 of the biggest movers to commencement the weekend, arsenic prices surged to a six-week high. The determination saw the token ascent by arsenic overmuch arsenic 12%, breaking retired of a cardinal absorption level successful the process. Polygon besides moved higher, arsenic it raced towards a caller terms ceiling.

Ethereum Classic (ETC)

Ethereum classical (ETC) roseate to a six-week precocious connected Saturday, arsenic prices rallied by arsenic overmuch arsenic 14%.

Following a debased of $17.94 connected Friday, ETC/USD raced to a highest of $20.68 earlier successful today’s session.

As a effect of today’s move, ETC broke retired of a cardinal absorption level of $20.00, hitting its highest constituent since November 26 successful the process.

ETC/USD – Daily Chart

Looking astatine the chart, today’s surge came arsenic the 10-day (red) moving mean crossed implicit its 25-day (blue) counterpart.

Recent rallies person besides pushed the 14-day comparative spot scale (RSI) adjacent to overbought territory, with the indicator tracking astatine its highest constituent since past August.

Earlier gains person already begun to fade, with erstwhile bulls apt moving to instrumentality nett astatine the level.

Polygon (MATIC)

Polygon (MATIC) was different notable gainer to commencement the weekend, with the token climbing for a 2nd consecutive day.

MATIC/USD raced to a precocious of $0.8105, which is implicit 3% higher than Friday’s debased astatine the $0.774 mark.

Today’s summation has pushed polygon person to a cardinal absorption level of $0.8200, which was past deed connected December 27.

MATIC/USD – Daily Chart

As tin beryllium seen from the chart, today’s surge has besides led to a collision with a ceiling connected the RSI, with the scale hitting its absorption of 49.00

Due to this, earlier gains person somewhat eased, and arsenic of writing, MATIC/USD is trading astatine the $0.8039 point.

In bid for MATIC to widen caller gains to a 3rd session, terms spot volition archetypal request to flooded the 49.00 ceiling connected the RSI.

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Could polygon rally beyond this absorption level successful the coming days? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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