The polygon rose to its highest since early November on Friday as markets reacted to the latest US consumer confidence data. Sentiment rose to 64.9 in January, up from a reading of 59, 7 in December. Chainlink also rallied in today’s session, reaching its strongest point in almost two months.
Polygon (MATIC)
Polygon (MATIC) was a big winner on Friday as prices rose to their highest point in 11 weeks.
After a low of $1.07 on Thursday, MATIC/USD hit an intraday high of $1.15 today.
As a result of this, the polygon moved to its strongest point since November 11, which is the last time prices traded at this resistance point.
Looking at the chart, the rise took place as the 14-day RSI broke through a high at 69.00.
At time of writing, the index stands at 72.14 and appears to be on its way to a top at the 77.00 mark.
If this occurs, there is a strong possibility that MATIC will trade above the $1.20 mark.
Chain Link (LINK)
Another notable move on Friday was chainlink (LINK), which also rose to a multi-month high.
LINK/USD jumped to a high of $7.33 earlier in the day, less than a day after falling to a low of $6.93.
This price rally brought Chainlink to its highest point since December 5, breaking it from a price high in the process.
As can be seen on the chart, LINK broke above its $7.25 resistance level, however, the RSI was unable to achieve this feat.
Price strength is currently at a reading of 64.15, which is marginally below a ceiling at 65.00.
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Do you expect Chainlink to move towards $7.50 this weekend? Let us know your thoughts in the comments.
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