Biggest Movers: MATIC Hits 3-Week High, LINK up Almost 10%

Polygon raced to a three-week precocious during today’s session, arsenic bullish sentiment returned to cryptocurrency markets. Chainlink was besides successful the green, arsenic the token surged for a 2nd consecutive day, rising by astir 10% successful the process. Overall, the planetary crypto marketplace headdress is up 3.06% arsenic of writing.

Polygon (MATIC)

Polygon (MATIC) was 1 of Tuesday’s large movers, arsenic the token climbed to a three-week precocious pursuing yesterday’s mendacious breakout.

MATIC/USD started the play trading astatine a debased of $0.7548, which was marginally beneath its level of $0.7690.

However, arsenic bullish sentiment returned to crypto markets, the token raced to an intraday precocious of $0.8336 earlier today.

MATIC/USD – Daily Chart

This precocious is the strongest constituent that polygon has deed since mid-September, and comes arsenic the 14-day comparative spot scale (RSI) deed its highest constituent successful implicit 3 weeks.

As of writing, the scale is present tracking astatine 55.90, which is marginally beneath a higher constituent of absorption of 57.65.

Should this obstacle beryllium overcome, past we volition apt spot the token emergence person to the $0.8500 level.

Chainlink (LINK)

Similar to MATIC, chainlink (LINK) besides roseate connected Tuesday, aft prices bounced from a cardinal enactment point.

Following a collision with its semipermanent level astatine $7.10 connected Monday, LINK/USD rallied to an intraday precocious of $7.72 earlier today.

Tuesday’s rally sees the world’s 22nd largest token ascent for a 2nd consecutive session, moving person to a ceiling of $8.05 successful the process.

LINK/USD – Daily Chart

Looking astatine the chart, the 10-day (red) moving mean (MA) has crossed implicit the 25-day (blue) MA, which usually signals the opening of a bull run.

In bid for the moving averages to support today’s upward momentum, we volition apt request to spot the RSI ascent past respective upcoming ceilings.

As of writing, the scale is tracking astatine 53.37, with the archetypal hurdle being the 55.00 point, and thereafter 58.30 could airs an adjacent greater menace to bulls.

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Do you expect chainlink to deed $8.00 this week? Let america cognize your thoughts successful the comments.

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