Polygon extended its recent rally, with prices rising to a new 10-month high in Friday’s session. The token has now risen for four consecutive sessions and is up 13% from the same time last week. Polkadot also rose on Friday, hitting a key resistance level in the process.
Polygon (MATIC)
Polygon (MATIC) rose for a fourth straight session on Friday, with prices hitting a 10-month high.
After hitting a low of $1.36 on Thursday, MATIC/USD rose to an intraday high of $1.48 early in today’s session.
The move pushed the polygon to its strongest point since April 22, when prices peaked at $1.50.
Overall, this latest rally occurred as the 14-day relative strength index (RSI) passed through a high ceiling at 70.00.
As of this writing, the index is hovering at 73.23, which is its highest reading since late January.
If this momentum continues, MATIC could again exceed $1.50.
Polkadot (DOT)
Polkadot (DOT) also surged in today’s session as prices hit a key resistance line early.
DOT/USD hit a peak of $6.80 on Friday, less than 24 hours after trading at a bottom of $6.31.
As a result, the polka dot broke out of a long-term resistance point at the $6.75 mark, four days after trading at $6.15 support.
The RSI has crossed the 58.00 ceiling and is currently at 59.02, which is a major contributor.
DOT bulls are targeting $7.00, possibly in the next few days, and the upcoming resistance of 62.00 on the index could be banana skin.
At the time of writing, Polkadot is up about 9% from the same point last week.
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