Skip to main content

Biggest Movers: TRX Surges to 20-Month High on Saturday

Biggest Movers: TRX Surges to 20-Month High on Saturday

Tron was one of the notable movers on Saturday, as the token broke out of a key resistance level to start the weekend. The move came as the global crypto market cap mostly consolidated during Saturday’s session. Stellar was another exception, as the token rebounded from yesterday’s loss.

Tron (TRX)

Tron (TRX) was a notable gainer to start the weekend, with the price surging to a 20-month high.

After dropping to a low of $0.08035 on Friday, TRX/USD rallied to an intraday peak of $0.09317 earlier in the day.

This was the highest point tron has hit since December 2021, and comes following a breakout of a ceiling at $0.08600.

This coincides with the relative strength index (RSI) moving past its own ceiling at 70.00. It is now tracking at 71.35.

Earlier gains have since faded, with the token now back below the aforementioned resistance level of $0.08600.

This appears to be a result of traders capturing profits.

Stellar (XLM)

In addition to TRX, stellar was also largely in the green on Saturday, as the token rebounded from Friday’s losses.

XLM/USD rose to a high of $0.1674 to start the weekend, which comes a day after trading at a low of $0.1561.

This rally resulted in stellar breaking out of a recent resistance level of $0.1620, and edging closer to a 15-month high of $0.1959.

One of the reasons for today’s climb was the RSI racing past its own ceiling at the 70.00 mark.

Price strength is now overbought, which could prompt bears to reenter the market in anticipation of a sell-off.

Register your email here to get weekly price analysis updates sent to your inbox:

What was behind today’s rebound in stellar? Let us know your thoughts in the comments.



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