While crypto markets are largely in the red, there was one notable mover on Friday. STX initially rose by up to 36% before losing all the gains. RUNE, KDA and DA both managed to keep their gains.
Thorchain (RUNE).
Thorchain (RUNE), which rose its second consecutive day, continues to make progress towards the top 50 cryptocurrency coins.
The intraday low was $4.82, and RUNE/USD rose today to $:$6.27. This is the highest level it has been since January 17.
RUNE trades nearly 13% higher as of this writing, after breaking its previous ceiling of $5.50 earlier.
Looking at the chart, today’s surge has seen the 14-day RSI climb to a one-week high of 63, which has also historically been a resistance level.
If price strength can move beyond this point, bulls may be targeting $7.15 ceiling.
Kadena (KDA)
Kadena (KDA), which rose to Friday’s highest point since March 2, amidst a decline in support levels.
KDA/USD hit an intraday high of $8.26 during today’s session, following a surge from its price floor of $5.70.
Today’s move sent prices past recent resistance of $7.55, for the first time since February 16, after following a valentine’s day price surge.
KDA trades at over 10% higher and tracking at 11.67% per day as of this writing. However, gains seem to be easing, since traders appear to have made earlier profits.
But, the RSI at 14-day has moved past 50.40 resistance, so there may be even more bullish pressure from kadena.
Were we able to see KDA as low as $10 during the next sessions? We would love to hear your comments.
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