Polygon (MATIC) has finally made some progress when it comes to moving in the higher direction. The bulls have finally gained control of the situation and they are pushing it in their favor.
The bulls have rallied in favor of Polygon in the past 24-hours, forming a 5.50% rally which has pushed its price up to $1.62 per MATIC.
According to the report from on-chain data analyzing firms, Polygon’s value hovered at a low price of $1.42 on March 18. As of now, the price Polygon is hovering at a high price and its trend is also moving in the positive direction.
Polygon’s relative strength index is currently at 58.674 and the general perception of Polygon is mainly positive. There is a high ratio of investors willing to buy Polygon, then come investors with neutral sentiments, and then there are bearish investors.
This means that the bulls are stronger than the bears, and therefore, the price of Polygon may continue moving higher. The first elevation mark the bulls may achieve with increased acquisition potential for Polygon would be $1.74 per MATIC.
Going forward, the bulls may try and push Polygon over the $1.80 per MATIC mark, but the bears may defend it with increased selling power. If the bulls are able to sustain the pressure coming from the bears, the price of Polygon may cross $1.80 and surge to $1.89.
If things keep going in favor of the bulls, then the price of Polygon may rise all the way up to $2.07 per MATIC.
Cronos (CRO) is also following the same trend as Polygon as its price has also observed a surge in the past 24-hours. However, the surge recorded for Cronos is lesser than Polygon, as it has grown by 4.50%.
On March 18, the price of Cronos was at a low of $0.3989 per CRO but the bulls soon launched their attack against the bulls. In the past 7-days, the bulls have kept the rally alive and the weighted growth rate Cronos has observed in the same period is 9.92%.
The market valuation for Cronos has also surged at the same rate. At the moment, the trading volume for Cronos is at a high of $11,227,021,781.
The data shows that the bulls are still rallying in order to keep the price of Cronos growing higher. This way, the bulls may go on to achieve a unit price of $0.4792 per CRO.
The moving averages and the relative strength index for Cronos are also moving upstream. This is a positive signal in favor of Cronos as its price may successfully grow up to $0.5697 per CRO.