Biggest Movers: MATIC Rebounds, as SOL Falls Back Towards Support – Market Updates Bitcoin News

📆 03/05/2023 20:21:00
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MATIC makes move towards $1.00, as SOL heads towards key price floor.

Polygon climbed higher in today’s session, as cryptocurrency markets marginally rebounded on Wednesday. The global crypto market cap was up by nearly 1% earlier in the day, as Tuesday’s losses eased. Solana, on the other hand, remained lower, as it fell towards a key price floor.Polygon edged higher on Wednesday, as the token moved away from a recent point of support.

As a result of the move, polygon bounced from a recent price floor of $0.950, after recently falling to a multi-week low.Looking at the chart, Wednesday’s surge led to the relative strength index colliding with a long-term ceiling of 40.00.Despite earlier gains easing, there is still optimism that polygon could climb back above $1.00 this week.On the other hand, solana remained in the red, as the token moved back towards a recent price floor.

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