Skip to content
Bitcoin Trivia

Bitcoin Trivia

  • Home
  • News
  • Crypto
  • Analysis
  • Bitcoin
  • Contact
  • Toggle search form

Biggest Movers: MATIC Nears 3-Month High, as LINK Extends Recent Gains

Posted on January 27, 2023January 27, 2023 By Caden

Polygon rose to its highest level since early November on Friday, as markets reacted to the latest U.S. consumer sentiment data. Sentiment rose to 64.9 in January, up from a reading of 59.7 in December. Chainlink also surged in today’s session, hitting its strongest point in nearly two months.

Polygon (MATIC)

Polygon (MATIC) was a big gainer on Friday, as prices rose to their highest point in 11 weeks.

Following a low of $1.07 on Thursday, MATIC/USD raced to an intraday peak of $1.15 earlier today.

As a result of this, polygon moved to its strongest point since November 11, which is the last time prices were trading at this point of resistance.

Looking at the chart, the surge took place when the 14-day relative strength index (RSI) broke out of a ceiling at 69.00.

As of writing, the index is tracking at 72.14, and appears to be en route to a ceiling at the 77.00 mark.

Should this occur, there is a strong possibility that MATIC will be trading above the $1.20 mark.

Chainlink (LINK)

Another notable mover on Friday was chainlink (LINK), which also surged to a multi-month high.

LINK/USD jumped to a high of $7.33 earlier in the day, which comes less than a day after falling to a low of $6.93.

This rally in price pushed chainlink to its highest point since December 5, breaking it out of a price ceiling in the process.

As can be seen from the chart, LINK climbed past its resistance level of $7.25, however the RSI was unable to also achieve this feat.

READ  Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates $53K in 24-Hour Sales

Price strength is currently at a reading of 64.15, which is marginally below a ceiling at 65.00.

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

Do you expect chainlink to move towards $7.50 this weekend? Let us know your thoughts in the comments.

Analysis, Chainlink, LiNK, Market Updates, matic, Polygon Tags:Analysis, Chainlink, LiNK, Market Updates, matic, Polygon

Post navigation

Previous Post: Crypto Regulation Is Like a Flimsy Umbrella in a Monsoon
Next Post: Hive Ransomware Network Dismantled by American, European Law Enforcement

Related Posts

  • Bitcoin, Ethereum Technical Analysis: ETH, BTC Climb for Back-to-Back Sessions for First Time in Nearly 2 Weeks Analysis
  • Biggest Movers: ETC Surges 14% to Hit 6-Week High on Saturday Analysis
  • Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates $53K in 24-Hour Sales Auction
  • Bitcoin, Ethereum Technical Analysis: ETH Down, as Two-Day Winning Streak Ends on Hump Day Analysis
  • Bitcoin, Ethereum Technical Analysis: BTC Falls Below $22,000, as Powell Warns of Higher Rates Analysis
  • Bitcoin, Ethereum Technical Analysis: BTC Above $18,000, ETH Hits 2-Month High Analysis

Recent Posts

  • US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner
  • Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011
  • Mike Novogratz Warns of Credit Crunch in US and Globally — Expects Fed to Cut Rates ‘Sooner Than We Think’
  • Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back Above $25,000
  • Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

Our Social

  • Pinterest
  • YouTube
  • LinkedIn
  • Twitter
  • Facebook
  • Terms and Conditions
  • Cookies Policy
  • Privacy Policy
  • Contact

FEED / RSS | Sitemap

  • Bitcoin (BTC)
  • Digital Currency
  • Central Bank
  • Bitcoin Price
  • Price
  • Altcoins
  • Analysis
  • Anonymous
  • Apps
  • APT
  • News
  • Crypto
  • Cryptocurrency
  • Market Updates
  • Regulation
  • Analysis
  • Cryptocurrencies
  • Bitcoin
  • Ethereum
  • Mining

Copyright © 2023 Bitcoin Trivia.