MATIC hits 2-month high, as SOL surges by over 10% on Friday.
MATIC rose to its highest level in over two months on Friday, as crypto markets were mostly green in today’s session. SOL was one of the tokens in the green, as price climbed for a third straight session heading into the weekend.SOL saw its value climb for a third straight session on Friday, as prices moved closer to a key resistance level.
Friday’s intraday high has seen the token move closer towards a resistance level of $40.85, which is a point that hasn’t been truly broken since early June.Recent gains in SOL have come following an attempted breakout of a recent price floor at $32, however bulls bought this dip, as they have in moments past.
As of writing, the index is tracking at 53.17. However, it appears that bulls are looking to push this to 54.75, which is a ceiling that hasn’t been broken in over three months.While SOL has struggled to overcome multi-month resistance levels, MATIC, on the other hand, has run straight through them. Friday’s peak is the highest level that MATIC has traded at in exactly two months, following gains on May 15.This surge in value comes as price strength has moved towards overbought territory, with the 14-day RSI currently reading at 64.36.
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