2 years ago
MATIC was 1 of Friday’s notable movers, arsenic prices of the token roseate for a 5th consecutive session. This came arsenic crypto markets were mostly successful the greenish for the bulk of the day’s session, with AAVE hitting a two-week high.
Polygon (MATIC)
MATIC was a notable mover connected Friday, arsenic prices of the token roseate for a 5th consecutive time of trading.
Prices roseate to an intraday highest of $0.5933 earlier successful today’s session, hitting their highest level since June 26 successful the process.
This determination pushed the token adjacent to its absorption level of $0.6000, with immoderate bulls opting to liquidate positions astir that region.
As seen from the chart, the past clip prices traded astir this ceiling determination was a precocious level of uncertainty, and apt knowing this, bulls decided to unafraid gains astatine this mark.
If we were to spot a determination beyond this point, past it is apt that we would necessitate an summation successful comparative strength, which is presently facing an obstacle of its own.
As of writing, the Relative Strength Index is tracking astatine 57.15, which is somewhat beneath a absorption level of 57.50.
AAVE
AAVE was besides successful the greenish during Friday’s session, arsenic prices roseate to their highest constituent successful implicit 2 weeks.
Following a debased of $66.32 connected Thursday, AAVE/USD roseate supra $70.00 connected Friday, arsenic prices of the token went connected to deed an intraday highest of $74.94.
This determination saw the token ascent to its highest constituent since June 26, which is akin to the tallness reached by MATIC earlier today.
Another similarity with AAVE and MATIC sees the erstwhile besides hitting a absorption point, not lone successful terms but besides successful presumption of comparative strength.
Earlier gains faded pursuing a breakout of the ceiling astatine $73, which apt came arsenic a effect of the 14-day RSI hitting its ain ceiling astatine 54.
Despite this, AAVE bulls apt person their eyes acceptable connected the $80 point, nevertheless until the RSI ceiling is broken, bullish sentiment whitethorn stay muted.
Do you expect AAVE to marque further gains this weekend? Let america cognize your thoughts successful the comments.
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