ATOMcontinued its bullish momentum following a recent rally, quickly approaching a one-month high in Tuesday’s session. The move was attributed to MATIC, which also rallied, hitting its highest level since June 29 in the process.
Cosmos (ATOM)
ATOMis trading higher Tuesday as prices rose to multi-week highs earlier in today’s session.
The token rose to an intraday peak of $9.27, following yesterday’s July 4 celebration when prices hit a low of $8.14.
For today’s peak, seeATOM /USD hit its highest level since June 9 and is now below the $10 mark.
But following its recent rally,ATOMcould rise above $10 again as bullish pressure continues to build.
Although recent momentum is up, the rally has eased somewhat after today’s highs, and some are choosing to exit rather than seek further gains.
This unrest occurred when prices hit the $9.10 resistance point, which has not been broken in nearly four weeks.
Polygon (MATIC)
N/A
MATIC continued to move away from last week’s lows and the news was that the move was once again of interest.
It bottomed at $0.4218 on Friday but surged to an intraday peak of $0.5325 as early as today’s session.
This is the highest price for MATIC/USD since June 29, when the $0.4375 support point stabilized.
The chart shows that today’s spike was also after a breakout of the 45.50 upper limit of the 14-day RSI.
The Relative Strength Index is hovering at 47.40, its highest value in the past seven days.
If this uptrend continues, the matric could soon hit another ceiling, this time at the $0.5557 point.
Image credits: Shutterstock, Pixabay, Wiki Commons
