NEAR reached its highest point since Thursday as the market rebounded from their recent lows. SAND and RUNE also climbed from long-term support levels on Tuesday, with RUNE rising by over 20% in today’s session.
THORChain, RUNE
RUNE was easily one of the biggest gainers during today’s trading session, as it separated itself from AXS, cementing itself as the world’s 43rd-largest cryptocurrency.
Following a low of $7.50 during yesterday’s session, Tuesday’s session saw RUNE/USD rise to an intraday high of $9.05 earlier today.
RUNE now reaches its highest point since Thursday April 14th. Price was then held at resistance.
The long-term ceiling is currently at $9.40, which hasn’t been broken since earlier this month, and late March prior to that.
Despite all this, the price strength is showing strong gains with the 14-day RSI rising above the ceiling at 51.
We could see RUNE rise to $10.00 if this momentum is sustained. But bulls might take profit once they reach this point.
NEAR Protocol
NEAR lost its long-term support on Tuesday. Prices rebounded after the recent bear run of four days.
It took NEARLY from resistance at $17.55, to the bottom to support at $15.40. Prices then crashed to their multi-week lows.
Since bouncing from support yesterday, those gains extended in today’s session, with NEAR/USD hitting a peak of $17.50.
Near resistance once more, traders are waiting to determine if the market will consolidate further or whether there will be an abrupt breakout.
The chart shows that the 14-day RSI currently tracks at 63.24. This is overbought but has just surpassed a resistance level at 61 and seems to be aiming at a higher ceiling of 66.
NEAR could trade at $18.00 and have the opportunity to recoup $20 as a result.
After a month of consolidation, will we see NEAR finally break out? Please share your views with us in the comments.
Credits for the imageShutterstock. Pixabay. Wiki Commons
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