TRX Moves Towards 7-Month High as KSM Extends Recent Gains – Market Updates Bitcoin News

TRON surpassed a seven month high Wednesday as prices rose for the third straight session. KSM was also on the rise today and gained double digits during hump-day.

TRON (TRX).

TRX moved towards a seven-month high during today’s session, as prices climbed by almost 15% on Wednesday.

After trading at a low of $0.08039 during Tuesday’s session, TRX/USD rose to an intraday peak of $0.09094 earlier today.

TRX broke through its long-term resistance of $0.08890 in this move, the first since May.

Following a recent round of consolidation, prices have now surged for three straight days, with today’s surge taking prices to a multi-week high.

Wednesday’s high was slightly below $0.09250, which was hit on May 8, and is the highest level TRX has been at since December 9.

The gains made in the past have been somewhat diminished as of this writing. This comes at the same time that the 14-day RSI reached a ceiling level of 64.35.

Kusama (KSM)

KSM prices also rose in double figures on Wednesday as they reached their highest level for seven days.

KSM/USD traded today at $86.37 an intraday peak, the highest it’s traded since May 23, 2009.

After a failed breakout attempt to break the $70.42 floor, prices surged for a fifth session.

Looking at the chart, today’s gains have since eased, and this comes as bulls fled KSM while it approached its resistance point of $87.

Relative Strength Index also reached a ceiling at 44.55. This is likely to be the signal for bears to leave, subject to further confirmation.

If this ceiling is cleared eventually, bulls will most likely attempt to get KSM toward the $100 mark.

Is it possible that KSM could reach $100 this June? Comment below to share your views.

Eliman Dambell

Eliman is a market analyst with a diverse perspective. He has worked in various capacities, including as a retail trading teacher, brokerage director, and market commentator for Crypto, Stocks, and FX.