• Ethereum Classic (ETC) surged 14% to a 6-week high on Saturday.
• Polygon (MATIC) also moved higher, racing towards a recent price ceiling.
• Both tokens saw their respective 10-day (red) moving averages cross over their 25-day (blue) moving averages.
The weekend saw some major movements in the crypto market, with Ethereum Classic (ETC) and Polygon (MATIC) being two of the biggest movers. Ethereum Classic (ETC) surged 14% to a 6-week high on Saturday, pushing the token to a peak of $20.68. This move saw the token break out of a key resistance level of $20.00, and its highest point since November 26. This surge was also helped by the 10-day (red) moving average crossing over its 25-day (blue) counterpart.
Polygon (MATIC) also experienced some significant gains, with the token climbing for a second straight day. MATIC/USD raced to a high of $0.8105, over 3% higher than Friday’s low of $0.774. This move pushed polygon closer to a key resistance level of $0.8200, which was last hit on December 27. MATIC/USD also saw its 14-day relative strength index (RSI) hit its resistance of 49.00.
Despite this, earlier gains have somewhat eased, and as of writing, ETC/USD is trading at the $20.38 point, while MATIC/USD is trading at the $0.8039 point. It remains to be seen if either token can extend their recent gains, but for now, it looks like the markets may be taking a breather before making their next move.