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Biggest Movers: TON Leads Bears, as Price Nears Fall Below $2

TON Leads Bears, as Price Nears Fall Below $2

Toncoin was a notable mover on Friday, as the cryptocurrency edged lower for a second straight session. Price fell by as much as 4% earlier in the day, as price approached a breakout below the $2.00 mark. On the other hand, solana continued to trade around the $33.00 mark.

Toncoin (TON)

Toncoin dropped for a second straight day on Friday, as bears pushed the cryptocurrency close to a breakout below the $2.00 level.

Following a high of $2.17 during yesterday’s session, TON/USD slipped to an intraday low of $2.07 earlier today.

As a result of the decline, toncoin continued to track a one-week low, and close to a key price floor of $2.00.

One reason TON remains above the aforementioned level is as a result of the 14-day relative strength index (RSI), which is above its own floor at 50.00.

In the event that this point is broken, there is a strong possibility that bearish sentiment will significantly increase.

If so, traders will possibly be targeting a lower support point of $1.90.

Solana (SOL)

Solana (SOL) made slight gains earlier in the day, as the token hovered close to a one-year low above $33.00.

SOL/USD rose to a peak of $33.30 during today’s session, after falling to a low at $30.80 on Thursday.

Earlier gains have since faded, with the world’s seventh largest cryptocurrency now trading at $32.37.

From the chart, it appears that the 14-day RSI is marginally above a floor at 74.00, with a current reading of 74.43.

Should bulls sustain this level, there is a good chance that solana could make another run towards $35.00.

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Will solana reach $35.00 during November? Let us know your thoughts in the comments.



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