Matic withdraws from 12-week high on Monday-market tactualizations

polygon at the beginning of the week withdrew from a high of several months, as a dealer to secure the latest profits. Chainlink also moved down because the courses were unable to break through an important level of resistance. The market mood in cryptocurrencies has changed today, with global market capitalization being traded by 2.11 % lower at the time of writing.

Vigoreck (Matic)

polygon (Matic) was one of the most remarkable movements on Monday, with the courses going back from the latest profits.

Matic/USD slipped to an intraday low of $ 1.11 at the beginning of the week, less than 24 hours after it rose to a high of $ 1.19 on Sunday.

The movement on Sunday, polygon has brought to its strongest point since November 8th when the prices of an upper limit of $ 1.20 approached.

If you look at the diagram, the decline of the Matic began after a failed outbreak over an upper limit of the relative strength index (RSI).

At the moment the index moves at 62.98 after he has not managed to move beyond a resistance mark of 73.00

The price strength now seems to be looking for a floor, a target of 60.00 is a possible destination for sellers.

chainlink (link)

chainlink (link) was also lower at the beginning of the week, since the token could not go beyond a key price limit at the weekend.

after a high of $ 7.45 on Sunday, Link/USD fell to a low of $ 6.98.

As with polygon, today's decline of chainlink came after a failed outbreak via the resistance brand at $ 7.50

At the present time, link is over $ 7.00 again, since earlier declines have subsided somewhat. This happens when the RSI approaches a support point.

The index currently pursues 56.06, with a soil of 55.00 being the next visible destination for bears.

The bulls are probably still present and could try to rise over $ 7.50 in the coming days.

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we could see that polygon will increase over $ 7.50 in the next few days? 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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