Matic is approaching the 3-month high, since Link is expanding the latest profits-market tactualizations

Matic is approaching the 3-month high, since Link is expanding the latest profits-market tactualizations

polygon has risen to the highest level on Friday since the beginning of November when the markets reacted to the latest US consumer tuning data. The mood rose from 59.7 in December to 64.9 in January. Chainlink also rose sharply in today's session and reached its strongest point in almost two months.

Vigoreck (Matic)

Polygon (Matic) was a big winner on Friday, as the prices have risen to the highest level for 11 weeks.

After a low of $ 1.07 on Thursday, Matic/USD rushed to an intraday maximum of $ 1.15

As a result, polygon has reached its strongest point since November 11th, the last time the prices were traded at this point of resistance.

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MATIC/USD-Tatshart

If you look at the diagram, the increase took place when the 14-day relative strength index (RSI) broke an upper limit at 69.00.

At the moment the index moves at 72.14 and seems to be on the way to an upper limit at 77.00

If this should occur, there is a strong probability that Matic will be traded above the $ 1.20 mark.

chainlink (link)

Another remarkable movement on Friday was Chainlink (link), which also rose to a high of several months.

Link/USD jumped to a high of $ 7.33, which is less than a day after the crash to a low of $ 6.93.

This price rally has driven Chainlink to its highest level since December 5 and exceeded a price limit.

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Link/USD-Tatshart

As can be seen from the chart, linked to its resistance level of $ 7.25, but the RSI was unable to accomplish this feat.

The price strength is currently 64.15, which is just below a upper limit of 65.00.

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Do you expect Chainlink to move towards $ 7.50 this weekend? 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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