Polygon (MATIC)
Polygon (MATIC) is showing signs of a bullish momentum as it moves away from a recent support point of $0.5380. Here are the key points:
- MATIC/USD surged to an intraday peak of $0.5624, climbing for a third straight day.
- The surge coincided with the breakout of the 14-day relative strength index (RSI) from a ceiling at 31.00.
- The price strength is currently at 33.61, the highest point since August 16.
- If the momentum continues, the next target for bulls will likely be around the 43.00 mark.
Shiba Inu (SHIB)
Shiba Inu (SHIB) has experienced a drop and subsequent rally. Here are the key points:
- SHIB/USD fell to a bottom of $0.000007911 but has since rallied and is currently trading at $0.000008156.
- The RSI has bounced from a floor of 40.00 and is now tracking at 43.93, slightly below a ceiling of 45.00.
- If the upcoming resistance point is broken, it is likely that SHIB will move past $0.00000850.
Hot Take: Short-Term Outlook
Polygon (MATIC) shows positive momentum, with the potential for further gains if the current surge continues. On the other hand, Shiba Inu (SHIB) is experiencing volatility but has the chance to break through resistance levels. Keep an eye on these cryptocurrencies for potential trading opportunities.
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