On Nov. 14, cronos rebounded, as Crypto.com CEO Kris Marszalek held an “Ask me Anything” (AMA) session, while speculation grew on the company’s level of solvency. The concerns came after it was revealed that a transfer of $400 million was made to gate.io in recent weeks. Polygon also surged on Monday, as prices attempted to break out of a key resistance level.
Cronos (CRO) rebounded on Monday, as markets responded to Crypto.com CEO Kris Marszalek’s comments on recent speculation surrounding the company’s health.
Following a low of $0.05629, CRO/USD rallied to an intraday high of $0.07459 earlier in today’s session.
The surge comes as Marszalek admitted that, “Trust was damaged, if not lost, and we need to focus on rebuilding trust.”
In addition to this, the 14-day relative strength index (RSI), is currently tracking at 32.99, which is below a ceiling of 36.20.
Overall, CRO is down by 42% from the same point last week.
Polygon (MATIC) was another notable gainer on Monday, as the token attempted to reenter the $1.00 region.
MATIC/USD surged to a peak of $0.9573, which comes less than a day after hitting a low of $0.8412.
Today’s rebound in price saw MATIC briefly breakout of a resistance level of $0.95, however it has since slipped below this point.
The index is currently tracking at 48.07, which is marginally below the aforementioned resistance of 49.00.