MATIC rose to its highest price in over two months on Friday as the crypto market was mostly green in today’s session.SOL was green as prices rose for the third consecutive session into the weekend It was one of the tokens.
SOL rose in value for the third consecutive session on Friday as prices approached a key resistance line.
SOL/USD peaked at a high of $38.35 on Friday, the highest since July 9.
Friday’s intraday high means the token will approach the $40.85 resistance level, a point that has not been truly broken since early June.
SOL attempted a breakout near $32, but bullish sources bought this dip.
This resulted in the RSI rising sharply, and following this latest run, the indicator is now on course to collide with its own ceiling.
As of this writing, the index is hovering at 53.17. However, bulls seem to be aiming to push it to 54.75, a ceiling that has not been broken in over three months.
While the SOL is struggling to get past multi-month resistance, MATIC is running straight through it.
MATIC/USD rose to an intraday high of $0.7246 earlier in the session today, less than 24 hours after trading as low as $0.6664.
Friday’s peak follows a May 15 rally, the highest level MATIC has traded at in just two months.
The 14-day RSI is now at 64.36, which is in overbought territory, which led to this spike in value.
As you can see from the chart, this is the highest the index has tracked since December 2021 and follows the token’s recent rise.
Because of these gains, it appears that after MATIC approached its ceiling at $0.7250, the earlier gains faded and prices reached resistance.
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