{"id":13155,"date":"2022-07-05T15:37:05","date_gmt":"2022-07-05T15:37:05","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/atom-approaches-1-month-high-while-matic-hits-1-week-high-market-updates-bitcoin-news\/"},"modified":"2022-07-05T15:37:05","modified_gmt":"2022-07-05T15:37:05","slug":"atom-approaches-1-month-high-while-matic-hits-1-week-high-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/atom-approaches-1-month-high-while-matic-hits-1-week-high-market-updates-bitcoin-news\/","title":{"rendered":"ATOM Approaches 1-Month High, While MATIC Hits 1-Week High \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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ATOM<\/a> was fast approaching a one-month high during Tuesday\u2019s session, as bullish momentum continued to rise following recent gains. This move comes as MATIC also climbed higher, hitting its highest level since June 29 in the process. <\/b><\/p>\n

Cosmos (ATOM<\/a>)<\/h2>\n

ATOM<\/a> was trading higher on Tuesday, as prices rose to a multi-week high earlier in today\u2019s session.<\/span><\/p>\n

The token rose to an intraday peak of $9.27 following yesterday\u2019s July 4 celebrations, where prices hit a low of $8.14.<\/span><\/p>\n

Today\u2019s peak sees ATOM<\/a>\/USD hit its highest point since June 9, as prices made their way down below the $10 mark.<\/span><\/p>\n

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ATOM<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

However, following recent gains, ATOM<\/a> may be set to once again climb above $10, as bullish pressure continues to intensify.<\/span><\/p>\n

Although recent momentum has been higher, following today\u2019s high, gains somewhat eased, with some opting to exit rather than push for further gains.<\/span><\/p>\n

This uncertainty came as prices hit a resistance point at $9.10, which hasn\u2019t been broken in nearly four weeks.<\/span><\/p>\n

Polygon (MATIC)<\/h2>\n

MATIC has once again made the news for being a notable mover, as prices continue to move away from last week\u2019s low.<\/span><\/p>\n

Prices hit a bottom of $0.4218 on Friday, however, they surged to an intraday peak of $0.5325 earlier in today\u2019s session.<\/span><\/p>\n

This is the highest point MATIC\/USD has reached since June 29, and comes as the $0.4375 support point has stabilized. <\/span><\/p>\n

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MATIC\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, today\u2019s surge also comes following a breakout of the 45.50 ceiling on the 14-day RSI.<\/span><\/p>\n

As of writing, the Relative Strength Index is tracking at 47.40, which is its highest reading in the last seven days.<\/span><\/p>\n

Should this uptrend continue, MATIC could soon be colliding with yet another ceiling, this time at the $0.5557 point.<\/span><\/p>\n

Will MATIC sell off once this resistance point is hit? Let us know your thoughts in the comments.<\/i><\/b><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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