Biggest Movers: MATIC, SOL Move Towards 4-Month Highs on Saturday

Polygon rallied to its highest constituent successful astir 4 months connected Saturday, arsenic the token climbed to the $1.00 people to commencement the weekend. Solana was besides trading astatine a multi-month high, arsenic it roseate by implicit 10% earlier successful today’s session. As of writing, the planetary crypto marketplace headdress is trading astir 3% higher.

Polygon (MATIC)

Polygon (MATIC) was a notable gainer connected Saturday, arsenic the token roseate to its highest constituent since May.

Less than 24 hours aft trading astatine a debased of $0.9141, MATIC/USD climbed to a highest of $1.02 to commencement the weekend.

This is the strongest constituent that the token has traded astatine since May 7, and comes aft prices rallied past a cardinal absorption level.

Looking astatine the chart, this absorption was astatine the $0.9500 region, which was past breached connected July 31. However, the determination yet turned into a mendacious breakout.

As of writing, different absorption level was hit, with the 14-day comparative spot scale (RSI) present tracking astatine a ceiling of its own.

This is the 66 constituent connected the index, which has been successful spot since July 17, erstwhile the RSI moved to a precocious supra the 80 level.

Following earlier highs, MATIC is erstwhile again trading beneath $1.00, arsenic bulls retreated from their erstwhile positions.

Solana (SOL)

In summation to MATIC, solana (SOL) was different large mover successful today’s session, with it besides climbing to its highest constituent since May.

SOL/USD raced to an intraday precocious of $48.18 to commencement the weekend’s session, arsenic bulls attempted to recapture the $50.00 point.

The determination sees solana deed its highest constituent since May 25, and comes arsenic the 10-day (red) moving mean (MA), crossed supra the 25-day (blue) MA.

This is the archetypal clip since mid-July that specified a transverse has occurred, with prices rising from a level of $32, to a ceiling of $47 connected that occasion.

In summation to this, the 14-day RSI has besides breached its ceiling, surging supra the 59.20 absorption for the archetypal clip since July 18.

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Can solana deed $50.00 successful August? Let america cognize your thoughts successful the comments.