Skip to main content

Biggest Movers: MATIC Moves to Highest Point Since August

Biggest Movers: MATIC Moves to Highest Point Since August

Polygon surged to its strongest level since the end of August, as the token extended recent gains. The rally comes despite cryptocurrencies mostly consolidating on Wednesday, following recent declines. XRP was another notable gainer today.

Polygon (MATIC)

Polygon (MATIC) rose for a back-to-back session on Wednesday, hitting a multi-week high in the process.

MATIC/USD moved to an intraday high of $0.5937 in today’s session, which comes following a low of $0.5523 the day before.

This resulted in polygon climbing to its highest point since August 29, when the price peaked at $0.6355.

Looking at the chart, the surge saw the relative strength index (RSI) rise past a ceiling at the 62.00 zone.

Currently, the index is now at a reading of 62.76, with an upcoming resistance level at the 70.00 point.

A crossover between the 10-day (red) and 25-day (blue) moving averages also seems to be one of the reasons for today’s rally.

XRP

XRP was another big mover on Wednesday, as the price attempted to break out of a key resistance level.

After Tuesday’s low at $0.5075, XRP/USD rallied to an intraday high of $0.5449 during today’s session.

As a result of this surge, the world’s fifth-largest cryptocurrency briefly rose past a ceiling at $0.5400.

Earlier gains have since edged lower, which comes as the RSI fell below a ceiling at the 62.00 mark.

The index has since dropped further, and is now tracking at 56.57, and seems to be heading towards a floor of 51.00.

Register your email here to get weekly price analysis updates sent to your inbox:

Will XRP plunge further as the session progresses? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/dDhGHe9
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more

DefiDollar Listing on AscendEX

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the DefiDollar Token (DFD) under the pair USDT/DFD on Apr 29 at 1:00 p.m. UTC. DefiDollar is a DeFi lab that aims to bring mass adoption to DeFi with a wide-ranging product suite. The first product offering to go live will be the stablecoin index – DUSD, with ibBTC and optionCoin currently in development. DefiDollar (DUSD) aspires to be a risk-insured stablecoin layer for DeFi. It is designed to provide a safe and stable way for users to hold their assets with DUSD being optimized for peg safety, yield, and diversification. DefiDollar uses DeFi primitives to stay close to the dollar mark. DUSD provides an avenue for diversifying stablecoin holdings to hedge against an event where the underlying stablecoins like Tether or DAI deviate from their peg. DUSD is collateralized by Curve Finance LP tokens. DFD is the n...
Post a Comment
Read more