Analysis Crypto by Thebittimes.Com

Polygon rose to its highest level since August, as the token climbed by as much as 10% on Thursday. Today’s rise comes despite cryptocurrency markets mainly residing in the red, with the global market cap down 0.41% as of writing. Flow was another notable expectation to today’s declines, climbing by 14% earlier in the day. Polygon (MATIC) Polygon (MATIC) rose by as much as 10% in today’s session, as the token climbed to its highest point since August. Following a low of $0.8403 on Wednesday, MATIC/USD rallied to an intraday peak of $0.9813 earlier today. The move saw the token race to its strongest point since August 15, when it traded at a high of $1.033. MATIC/USD – Daily Chart As can be seen from the chart, the 14-day relative strength index (RSI) has also surged, breaking out of a key resistance in the process. The index is currently tracking at the 62.19 level, which is marginally above a ceiling of 60.75. Should this recent upward momentum continue, bulls will likely ...

Ethereum remained close to a three week high on Monday, as prices rallied following a turbulent weekend. Bullish sentiment appears to have somewhat returned to crypto markets to start the week, with the market cap trading 1.56% high as of writing. Bitcoin was also in the green in today’s session. Bitcoin Bitcoin (BTC) was trading close to a key resistance level on Monday, as bullish momentum seemingly returned to crypto markets. Following a low of $19,124.20 on Sunday, BTC/USD surged to a peak of $19,646.65 earlier in today’s session. This move saw the token briefly move past its ceiling of $19,600, however, as the day progressed, fell back below this point. BTC/USD – Daily Chart As of writing this, BTC/USD is currently trading at $19,426.71, which comes as the 14-day relative strength index (RSI) collided with a resistance point of its own. The index is currently tracking at 50.25, which comes after price strength failed to move past a ceiling of 52.00. B...