Skip to main content

Biggest Movers: Tron Moves to 1-Week High, as Thorchain’s RUNE Nears Lowest Level Since January 2021

Biggest Movers: Tron Moves to 1-Week High, as Thorchain's RUNE Nears Lowest Level Since January 2021

Tron rallied during today’s session, as it headed towards a one-week high, following recent declines. This came as Thorchain’s RUNE continued to trade lower, with today’s drop pushing prices closer to their lowest point since January 2021.

Tron (TRX)

Tron (TRX) surged towards a seven-day week high during Thursday’s session, as prices rebounded following a recent decline.

Less than a day after trading at a bottom of $0.06955, TRX/USD rose to a peak of $0.07444 earlier in the day.

Today’s peak is the highest level prices have reached since last Saturday, and are slightly below May 13th’s high of $0.07650.

So far this month, TRX has been one of the more volatile tokens, going from a peak of $0.09267 on May 8, to a low of $0.06304 only two days later.

Looking at the chart, the relative strength index (RSI) has mainly consolidated since that point, being held under a ceiling of 52.50.

As of writing this, price strength is still below this point, and unless we see a breakout of this level, we might see prices drop in upcoming days, despite today’s near 7% rise.

Thorchain (RUNE)

Besides both beginning with the letter “T,” there were no similarities between tron and thorchain (RUNE) on Thursday as far as market activity is concerned.

RUNE/USD was mainly lower during the session, falling close to its lowest point since January 2021.

Prices fell to an intraday low of $2.85 on Thursday, which is roughly $0.50 away from its sixteen-month low of $2.35 which was hit on May 12.

However, since hitting today’s bottom, prices rallied at the support level of $2.87, as they did the day after last week’s drop.

As of writing this, RUNE/USD is now trading at $3.15, with some bulls likely to attempt to push the token towards its resistance of $3.80.

In order for them to be successful in this upward push, there will need to be a surge beyond the ceiling on the 14-day RSI of 35.

Could we see RUNE climb towards $4.00 by the end of this week? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/bEhrxY8
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

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

2021 Bitcoin Price Predictions: Analysts Forecast BTC Values Will Range Between Zero to $600K

As bitcoin has touched new price highs on Thursday nearing the $50k handle, people have been curious as to where the price will go in the future. Meanwhile, despite the gains so far, a number of luminaries, analysts, executives, and proponents from the crypto space believe the leading crypto asset will reach between $60k to six-digits this year. Mike Novogratz Predicts $100K Bitcoin: ‘Other CFOs and CEOs Are Saying, What Should We Be Doing?’ Satoshi Nakamoto’s invention has gained mass appeal in recent times as the leading digital asset bitcoin ( BTC ) has reached its highest value ever in 2021. On Thursday morning (EST), BTC spiked to an all-time high (ATH) at $48,697 per unit. Earlier in the morning at around 2 a.m., bitcoin was exchanging hands for $44,485 and saw an 8.98% increase since then. At the time of publication, at 6:30 p.m. (EST) on February 11, 2021, bitcoin (BTC) is swapping for $47,821 per coin. With BTC so close to the $50k mark, people have been forecasting ...
Post a Comment
Read more