Avax has reached the highest point since August, after a jump of 17 % - market tactualizations

avalanche has reached its highest level since August when the token rose by up to 17 % in today's session. After the latest interest rate increase in the Federal Reserve, cryptocurrencies rose to a broad front, with global market capitalization being 4.29 % higher at the time of writing this article. Polygon also reached a high of several months on Thursday and rose by over 14 %.

avast (Avax)

Avalanche (Avax) was one of the remarkable movements on Thursday when the token rose since August.

Avax/USD used to reach a high of $ 22.71 and came less than a day after it was traded at a low of $ 18.80.

The step took place when an avalanche broke out from a long-term price limit of $ 21 and was on the way to its strongest point since August 26th.

If you look at the diagram, the movement took place after an outbreak over a level of resistance at 72.00 on the relative strength index indicator (RSI).

While I write this, the index moves at 72.62, whereby the next visible resistance point lies around the brand of 74.00.

If this zone is reached, there is a great chance that AVAX could increase over $ 23.00 and record a new five-month high.

Vigoreck (Matic)

In addition to Avax, polygon (Matic) also increased significantly in today's session and reached a high of several months.

after a low of $ 1.07 on Wednesday, Matic/USD moved to a maximum of $ 1.25

at the rally on Thursday Matic rose by up to 15 % and thus reached the highest level since November 8th.

While I write this, Polygon has given up some of its earlier profits and is currently being traded at $ 1.23.

This happens, since bulls seem to secure profits, since the RSI approaches a resistance point at 70.00.

The course strength is currently 69.90, and if it does not move significantly above this upcoming hurdle, the upward dynamics could begin to move at Matic.

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Will Polygon continue today's interest bully momentum for the rest of the week? Share your thoughts in the comments.

Eliman Damell

Eliman brings an eclectic point of view to the market analysis. Previously, he was a brokerage director and online trading instructor. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange, and is also the founder of a startup.

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