Biggest Movers: MATIC Climbs 20% to Hit 2-Month High, as AVAX Nears 6-Week Peak – Market Updates Bitcoin News

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MATIC surges to 2-month high, after climbing by nearly 20% on Monday.

Polygon was up by nearly 20% to start the week, as the token rallied to its highest level since May. Today’s surge comes as crypto markets were mostly in the green, with avalanche also hitting multi-week highs, and as of writing, is up by over 10% on the day.Polygon was one of the most notable gainers in crypto markets on Monday, as prices rose by nearly 20%.

This is the highest level the token has traded at since May 9, when prices were falling below the $1.00 mark.Just over eight weeks later we are now on the cusp of re-entering the $1.00 region, as bullish pressure continues to mount. However, it must be noted that the 14-day RSI is tracking above 77, which is its higher reading since October 2021, and this could be one of the biggest obstacles preventing MATIC from recapturing the $1.00 level.Another big mover on Monday was avalanche , which also rose by over 10% in today’s session, hitting multi-week highs in the process.

The move saw prices move past a key resistance level of $21.10, which has been held in place since June 9.Since breaking this ceiling, bulls look to be targeting another one, with the $28.00 mark appearing to be the next point of interest.

 

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