Polygon has achieved its highest level of performance in nearly a year, as prices rose by as much as 6%. Following a three-day downtrend, the token proceeded to climb for the second session in a row on Tuesday.
Polygon (MATIC)
Polygon (MATIC) extended its recent surge on Wednesday, with prices climbing to a 10-month peak.
After dipping to a low of $1.22 on Tuesday, MATIC/USD exceeded the $1.31 mark intraday during the session. This signalled a transit from its lowest level to its highest since April 26, 2020, when the token was priced at a peak of $1.36.
The chart shows that the increase in value has caused the 14-day RSI to fall to a long-term resistance of 71.00. Bullish momentum has not been strong enough to break through this zone, and the index is currently at 69.83.
If a break is seen in the next few days, traders may be more inclined to look for a top of $1.35.
Cosmos (atom)
Another noteworthy move on Wednesday was Cosmos (ATOM), which also approached a multi-month high.
AtOM/USD rose to an all-time high of $15.18 earlier in the day, following trading as low as 14.32 on Tuesday.
This pushed ATOM to a long-term resistance level of $15.20 and kept it above its peak of $15.44 on Friday.
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