Friday, Polygon followed the movement of cryptocurrencies. Big gains After a tumultuous week of trading, the stock has risen. Global crypto market capitalization is 2.28% higher at the time of writing as the market gears up for the release of US consumer sentiment data. The quant was already one big move as prices surged for the second day in a row.
Polygon (MATIC) was a notable move on Friday as the token surged to its highest level since Monday.
Following Thursday’s low of $0.9062, MATIC/USD raced to his intraday high of $0.9324 today.
This resulted in the token approaching his $0.9540 key resistance level last hit on December 4th.
Price near ceiling while 14-day Relative Strength Index (RSI) also hits his 53.00 We are moving towards our own support point.
The 10-day (red) moving average is also trending upwards and above the 25-day (blue) moving average.
Despite recent turbulence, this is a sign of bullish momentum in the market, with some expecting prices to rise further this weekend
Quants (QNT) was another token that surged on Friday, with its price rising for the second time in a row.
QNT/USD reached a high of $124.88 earlier in the day, less than 24 hours after bottoming out at $120.70.
Today’s move pushed QNT above the recent resistance point of $122.00.
chart, this resistance point looks like the $132.00 mark.
To regain this mark, the QNT bulls must first overcome the upcoming resistance at RSI 52.00.
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