Biggest Movers: MATIC Climbs 25%, Re-Enters Crypto Top 20  – Market Updates Bitcoin News

MATIC moved to the cryptocurrency top 20 on Thursday as prices rose more than 25% during today’s session. The token replaces FTT, which was added to the list following MATIC’s failures on Wednesday. ATOM took off today after hitting a 12-day high in the process.

Polygon (MATIC)

MATIC was one of them. Prominent In crypto markets on Thursday, the token once again entered the top-20 list.

Following Wednesday’s low of $ 0.4042, MATIC / USD moved higher to $ 0.5145 earlier in the day.

This move makes MATIC the 18th largest cryptocurrency in the market capitalization, all within 11 days.

Larger movers: MATIC Crypto Top 20 rebounded by 25%.
MATIC / USD – Daily chart

Despite these findings, bulls seem to be looking at the $ 0.6650 ceiling as their next price target.

Overall, MATIC increased by more than 25% in today’s session, a seven-day average now close to 30%.

In addition, the 14-day RSI is currently hovering for more than three months after reaching a previous high of 48.64.

Overall, the mood seems to be tight in the short term, but traders see this as ripe in the medium term.

COSMOS (ATOM)

At a price increase for the fifth consecutive session, ATOM also rose to an 11-day high on Thursday.

ATOM’s bulls entered the market with full force following last week’s $ 5.50 floor-to-ceiling price hike, which began in January 2021.

As a result of this short-term bullish sentiment, the ATOM / USD rose to $ 7.73 earlier in the day.

Larger movers: MATIC Crypto Top 20 rebounded by 25%.
ATOM / USD – Daily chart

This profit means that prices are now touching about 12% lower than yesterday, which will push them to the most important level since June 12.

Looking at the chart, this rapid increase means that the ten-day moving average is now approaching the 25-day SMA potential.

If that happened then we would be able to see the potential for resilience, not just when prices reach $ 10.

Do you expect ATOM to come out of this protest before the end of the month? Let us know in the comments.

Elijah Dambel

Elman has worked as a broker, director of retail marketing and market analyst at Crypto, Stocks and FX, bringing a comprehensive perspective to market analysis.




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