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.
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.
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.
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.
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.
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