Biggest Movers: TRON Nears Crypto Top 10, as MATIC Extends Declines – Market Updates Bitcoin News

It appears that the target for bulls could be to not only break this ceiling, but move to $0.072, which would see the token hit a three-month high.

One of the main obstacles preventing this is the relative strength index , which is currently tracking at 59.67, below resistance at 60.00. If and when price strength moves beyond this point, there will likely be more bulls reentering the market.Polygon which is currently the world’s tenth largest cryptocurrency, fell for a fifth straight day.This latest decline in price has pushed polygon to its lowest point since January 11, when it traded at $0.84.Looking at the chart, this spell of sell-offs has sent the RSI below 30.00, which is deep in oversold territory.

The last time price strength tracked this low was back in July 2022, which may give bulls optimism that a reversal could be soon approaching.Register your email here to get weekly price analysis updates sent to your inbox:

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Biggest Movers: XRP, SOL Move 5% Lower to Start the Week – Market Updates Bitcoin NewsXrp plunged to a six-week low on Monday, as cryptocurrency markets moved further into the red. Solana was down 5% today.
Bron: BTCTN - 🏆 531. / 51 Lees verder »

Palantir shares jump as company registers profit surprise while PayPal stock slumpsHere are some of the biggest movers of the day:
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Regional bank stocks poised to rally 15% as sentiment nears 'absurd': FundstratRegional bank stocks are poised to rally 15% as sector stabilizes and sentiment 'near absurd' levels, Fundstrat says
Bron: BusinessInsider - 🏆 729. / 51 Lees verder »