Skip to main content

Biggest Movers: QNT Climbs 10%, as ALGO and RUNE Rise Higher

QNT climbed over 10% during today’s session, as RUNE and ALGO both rose by as much as 15% on Friday. This comes as cryptocurrency markets were trading nearly 4% higher as of writing this, as markets began preparing for the weekend’s action.

Thorchain (RUNE)

Thorchain (RUNE) was one of the biggest gainers on Friday, and was at one point nearly 15% higher, before gains somewhat eased throughout the day.

Following a low of $7.96 on Thursday, RUNE/USD rallied to an intraday high at $9.52 during today’s session.

Today’s peak was close to last Sunday’s high of $9.58, which was the highest level RUNE had traded at since December 4.

Friday’s surge in price came as prices once again broke out of the resistance level at $8.99, however as with previous breakouts at this level, market uncertainty sent prices lower.

Looking at this chart, today’s gain follows three consecutive sessions of declines, with the reversal pushing the RSI to its highest point this week.

This point now resembles a ceiling, and is acting as the main resistance to further gains in the price of RUNE.

Algorand (ALGO)

Both quant (QNT) and ethereum classic (ETC) were trading higher for most of today’s session, however, gains eased throughout the course of the day.

As this happened, algorand (ALGO) managed to maintain its bullish momentum, rising to nearly a five-week high in the process.

Today’s rally was the tenth day in twelve that the price of ALGO has risen, with today’s gains taking us just above resistance of $0.9395.

ALGO/USD rose to an intraday high of $0.9472, which is its highest point since February 17, leading to prices entering overbought territory.

Looking at the chart, the 14-day RSI indicator is now tracking at 67.80, which is a point that price strength hasn’t hit since September last year.

ALGO bears are likely already anticipating a reversal, however, some bulls could look to push prices further toward the $1.10 ceiling.

Do we expect prices of ALGO to turn around heading into the weekend? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/k8HzwYL
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m...
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...
Post a Comment
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought...
Post a Comment
Read more