Biggest Movers: ATOM Approaches 1-Month High, While MATIC Hits 1-Week High – Market Updates Bitcoin News

ATOM was rapidly approaching a one-month high during Tuesday’s session, as the bullish momentum continued to increase after the recent gains. The move comes as MATIC also climbed higher, in the process reaching its highest level since June 29.

universe (atom)

ATOM was trading higher on Tuesday as prices hit a multi-week high in today’s session.

The coin hit an intraday peak of $9.27 after yesterday’s 4th of July celebration, where the price hit a low of $8.14.

At today’s peak ATOM/USD has reached its highest point since June 9, as the price made its way below the $10 mark.

However, after the recent gains, ATOM could be ready to climb above $10 once again as the bullish pressure continues.

Although recent momentum has been high, gains have eased somewhat after today’s high, with some opting to exit rather than push for further gains.

This uncertainty came as the price hit a resistance point at $9.10 that it hasn’t broken in nearly four weeks.

Polygon (MATIC)

MATIC has once again made news to be a notable mover, as prices continue to move away from last week’s lows.

Prices hit a low of $0.4218 on Friday, however, they reached an intraday peak of $0.5325 earlier in today’s session.

This is MATIC/USD’s highest point since June 29, and comes after the $0.4375 support point stabilized.

Looking at the chart, today’s rally also comes after a breakout of the 45.50 ceiling on the 14-day RSI.

At the time of writing, the Relative Strength Index is tracking at 47.40, its highest reading in the past seven days.

If this uptrend continues, MATIC could soon hit another ceiling, this time at $0.5557.

Will MATIC sell once this resistance point is hit? Let us know your thoughts in the comments.

alimon dumbbell

Having worked as a Brokerage Director, Retail Trading Educator and Market Commentator in Crypto, Stocks and FX, Elliman brings an eclectic approach to market analysis.