Fun

Biggest Movers: MATIC Nears 3-Month High, as LINK Extends Recent Gains

News Feed - 2023-01-28 01:01:28

Biggest Movers: MATIC Nears 3-Month High, as LINK Extends Recent Gains


Polygon rose to its highest level since early November on Friday, as markets reacted to the latest U.S. consumer sentiment data. Sentiment rose to 64.9 in January, up from a reading of 59.7 in December. Chainlink also surged in today’s session, hitting its strongest point in nearly two months. Polygon (MATIC)


Polygon (MATIC) was a big gainer on Friday, as prices rose to their highest point in 11 weeks.


Following a low of $1.07 on Thursday, MATIC/USD raced to an intraday peak of $1.15 earlier today.


As a result of this, polygon moved to its strongest point since November 11, which is the last time prices were trading at this point of resistance. MATIC/USD – Daily Chart


Looking at the chart, the surge took place when the 14-day relative strength index (RSI) broke out of a ceiling at 69.00.


As of writing, the index is tracking at 72.14, and appears to be en route to a ceiling at the 77.00 mark.


Should this occur, there is a strong possibility that MATIC will be trading above the $1.20 mark. Chainlink (LINK)


Another notable mover on Friday was chainlink (LINK), which also surged to a multi-month high.


LINK/USD jumped to a high of $7.33 earlier in the day, which comes less than a day after falling to a low of $6.93.


This rally in price pushed chainlink to its highest point since December 5, breaking it out of a price ceiling in the process. LINK/USD – Daily Chart


As can be seen from the chart, LINK climbed past its resistance level of $7.25, however the RSI was unable to also achieve this feat.


Price strength is currently at a reading of 64.15, which is marginally below a ceiling at 65.00.


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


Do you expect chainlink to move towards $7.50 this weekend? 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 online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder. Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Consumer Sentiment Data MARKET UPDATES | 10 hours ago Biggest Movers: ADA Climbs to 11-Week High, as Crypto Markets React to US GDP Data MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin Difficulty Set to Rise 3.82% to All-Time High of 39 Trillion Following Recent Increase Next articleCrypto Asset Aptos Soars to All-Time High, Increasing 391% in 30 Days 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 ItFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days


Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Interest in Real Estate Investments in Spain Grew 400%, With Some Using Crypto and Stocks as Payment Method Iran to Increase Penalties for Unauthorized Cryptocurrency Mining

News Feed

Mexican Regulator: 12 Cryptocurrency Exchanges Are Operating Illegally
Mexican Regulator: 12 Cryptocurrency Exchanges Are Operating Illegally Santiago Nieto Castillo, leader of the UIF, the Mexican financial regulator, has issued an
Simplex and Skrill Broaden Cryptocurrency Convenience by Launching New Onramp Solutions
Simplex and Skrill Broaden Cryptocurrency Convenience by Launching New Onramp Solutions As enthusiasm for cryptocurrency mounts amid strong demand from retail an
Biggest Movers: LTC Snaps Losing Streak, SOL Moves 7% Lower
Biggest Movers: LTC Snaps Losing Streak, SOL Moves 7% Lower Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token ros
William Suberg9 hours agoBitcoin bulls battle to reclaim $30K amid BTC price RSI ‘reset’Bitcoin returns to a tug-of-war over $30,000, with BTC price action costing its RSI weeks of upside.3392 Total views39 Total sha
Are privacy tokens under attack? Aleph Zero co-founder explains
Elisha Owusu Akyaw10 hours agoAre privacy tokens under attack? Aleph Zero co-founder explainsAntoni Zolciak, co-founder of Aleph Zero, explains that delisting privacy-centric cryptocurrencies like Monero is the industry
Chainlink Is In The Middle Of A Bullish Breakout – Analyst Sets $50 Target
Este artículo también está disponible en español. Chainlink (LINK) is navigating a turbulent market phase, recently experiencing an 11% decline after reaching a local hig
William Suberg8 hours agoBitcoin traders say BTC price will soon break beyond $31K yearly highsBTC price sideways trading is not dampening the optimism of Bitcoin traders prior to a giant options open interest expiry.312
Ezra Reguerra19 hours agoBTS: Revisiting the ‘buy $1 worth of Bitcoin’ video 10 years laterDavinci Jeremie believes that while many people missed out on the opportunity to buy Bitcoin 10 years ago, it’s not too lat
Tom Mitchelhill7 hours agoJPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisisCrypto exchange JPEX has pointed the finger at its third-party market makers for “maliciously” freezing fun
Nigerian Central Bank Threats Force Parallel Exchange Rate Tracker to Suspend Service
Nigerian Central Bank Threats Force Parallel Exchange Rate Tracker to Suspend Service Following threats from the Central Bank of Nigeria (CBN), the management of Abokifx, a website
EigenLayer users fume over restrictive airdrop, others say it’s ‘generous’
Tom Mitchelhill6 hours agoEigenLayer users fume over restrictive airdrop, others say it’s ‘generous’Ethereum restaking protocol Eigenlayer has promised to allocate 15% of EIGEN supply to the community, but not ever
Report: Quebec’s Mohawk Council of Kahnawake Seeks Energy to Power Crypto-Mining Opportunities
Report: Quebec"s Mohawk Council of Kahnawake Seeks Energy to Power Crypto-Mining Opportunities According to a report from Canada’s Local Journalism Initiative, members of th