Friday saw a surge in markets after the latest US consumer sentiment data was released, showing a 64.9 reading in January compared to a 7 reading in December. In particular, Polygon (MATIC) and Chainlink (LINK) saw significant gains, with both tokens reaching their highest levels since November.
Polygon (MATIC)
Polygon (MATIC) was one of the biggest winners on Friday, with prices rising to their highest point in 11 weeks.
MATIC/USD is currently trading at an intraday high of $1.15, the highest it has been since November 11.
The 14-day RSI breaking through the 69.00 mark appears to have been the driving factor behind the increase.
At the time of writing, the index is at 72.14, and appears to be moving towards a peak at the 77.00 level. If this is achieved, MATIC could potentially move above $1.20.
Chain Link (LINK)
Chainlink (LINK) also saw a notable increase on Friday, hitting a multi-month high.
LINK/USD reached an intraday high of $7.33, less than a day after it fell to $6.93.
This rally saw Chainlink reach its highest level since December 5.
