Fun

Biggest Movers:  MATIC Hits Highest Point Since August, as FLOW Jumps 14% on Thursday

News Feed - 2022-11-04 01:11:52

Biggest Movers:  MATIC Hits Highest Point Since August, as FLOW Jumps 14% on Thursday


Polygon rose to its highest level since August, as the token climbed by as much as 10% on Thursday. Today’s rise comes despite cryptocurrency markets mainly residing in the red, with the global market cap down 0.41% as of writing. Flow was another notable expectation to today’s declines, climbing by 14% earlier in the day. Polygon (MATIC)


Polygon (MATIC) rose by as much as 10% in today’s session, as the token climbed to its highest point since August.


Following a low of $0.8403 on Wednesday, MATIC/USD rallied to an intraday peak of $0.9813 earlier today.


The move saw the token race to its strongest point since August 15, when it traded at a high of $1.033. MATIC/USD – Daily Chart


As can be seen from the chart, the 14-day relative strength index (RSI) has also surged, breaking out of a key resistance in the process. The index is currently tracking at the 62.19 level, which is marginally above a ceiling of 60.75.


Should this recent upward momentum continue, bulls will likely look to recapture the $1.00 level. In order to reach this point, MATIC traders will first need to take price strength to a reading of 65.00. Flow (FLOW)


Flow (FLOW) snapped a four-day losing streak in today’s session, as the token raced to a multi-week high.


FLOW/USD surged to a high of $2.04 earlier today, which comes less than a day after hovering at a low of $1.57. Today’s rally in FLOW has led to a breakout of a ceiling at the $1.80 point, which had been in place since mid-September. FLOW/USD – Daily Chart


The RSI on FLOW has yet to reach a resistance level, with the next visible ceiling at the 65.40 mark.


As of writing, the index is tracking at 63.05, with the 10-day (red) moving average also hovering above its 25-day (blue) counterpart.


Should this trend continue, it is likely that FLOW could hit $2.15 in the coming days.


Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, Cryptocurrency, Flow, matic, Polygon


Could we see flow hit a ceiling of $2.15 this week? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower on Thursday, After Hawkish Fed Rate Hike MARKET UPDATES | 11 hours ago Biggest Movers:  LTC Hits 6-Week High, as LEO Rises for the Ninth Straight Day MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleOpen Metaverse Alliance OMA3 Launches to Develop Standards for an Interoperable Digital World Next articleBank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7% Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItOman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework


Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)"s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real ... read more.Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" SEC Risks Violating Admin Procedure Act by Rejecting Spot Bitcoin ETFs, Says Grayscale Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40%

News Feed

Restaurant Chain That Converted Cash Reserves Into Bitcoin Says Gold’s Safe Haven Days Are Numbered
Restaurant Chain That Converted Cash Reserves Into Bitcoin Says Gold"s Safe Haven Days Are Numbered A great number of companies have been converting cash reserve
Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025
Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025 A panel of crypto experts has predicted that the price of bitcoin will rise to $318,417
Russian Public Officials Must Now Declare Their Crypto Holdings as Income
Russian Public Officials Must Now Declare Their Crypto Holdings as Income Public officials in Russia will now be required to declare all the crypto assets they h
Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout
Defi Protocol Abracadabra"s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout Amid the crypto market carnage this weekend, another stablecoin slipped below the $
Turner WrightAug 04, 2023Coinbase CEO says leaving US ‘not even in the realm of possibility right now’ — ReportBrian Armstrong has previously suggested Coinbase might abandon the U.S. for a more crypto-friendly cou
Savannah Fortis10 hours agoCoinbase vs SEC court dates confirmed for initial case argumentsA judge in New York has approved a joint request from the SEC and Coinbase to settle dates for opening briefs and all subsequent
Bloxmith Launches Raiders Rumble, a Mobile Strategy Game for Both Web2 and Web3 Gamers, on the Flow Blockchain
Bloxmith Launches Raiders Rumble, a Mobile Strategy Game for Both Web2 and Web3 Gamers, on the Flow Blockchain press release PRESS RELEASE. Taipei, March 13, 2023 – Bloxmith, the
Bitcoin halving hype breaks week-long ETFs outflow streak
Arijit Sarkar2 hours agoBitcoin halving hype breaks week-long ETFs outflow streakFive of the 10 approved ETFs recorded positive inflows that overshadowed the GBTC outflows, bringing in a total of $30.4 million to the spo
Argentinian Tax Agency Ramps Up Digital Wallet Seizures
Argentinian Tax Agency Ramps Up Digital Wallet Seizures The Argentinian Tax Agency, the AFIP, has ramped up the seizures of digital wallets of taxpayers in the country. The institu
Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024
Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024 According to a recently published study by Merchant Machine, mobile wallets are predicted to have
Bored Ape Yacht Club Partners With Animoca Brands to Launch BAYC Play-to-Earn Game
Bored Ape Yacht Club Partners With Animoca Brands to Launch BAYC Play-to-Earn Game On Monday, the blockchain game developer and investor Animoca Brands announced a partnership with
Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital Currency
Bitcoin Games Launches Midsummer Promotion as Sweden Looks Toward Launching its Own Digital CurrencyThe premier cryptocurrency gaming portal, Bitcoin Games has announced the launch