XMR climbs to its highest level since June 13 to start the weekend.
As of writing, prices have slightly slipped from earlier highs, with monero now trading around the $138 region.trading below its long-term ceiling of $136.ALGO was another relatively strong gainer on Saturday, as it too rose to a multi-week high to start the weekend.
The token hit an intraday peak of $0.3425 earlier today, which is the most it has traded at since June 26. As a result of today’s surge, ALGO/USD is now on the cusp of colliding with its long-term price ceiling at $0.3500.Looking at the chart, relative strength has risen considerably over the last few weeks, with the index now tracking at 54.19.
This is the highest reading for the RSI since April 4, when prices were trading at double the current value. Bulls seem to be aiming to move past the upcoming price ceiling, however it is likely that bears will look to send prices lower at that level.Tags in this story
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biggest Movers: SOL up by Over 10% on Friday, as MATIC Hits 2-Month High – Market Updates Bitcoin NewsMATIC rose to its highest level in over two months on Friday, as crypto markets were mostly green in today’s session. SOL rose by over 10%.
Read more »
Bitcoin, Ethereum Technical Analysis: ETH Surges Past $1,200 as Latest Shadow Fork Goes Live – Market Updates Bitcoin NewsETH was back in the green, as markets reacted to the release of Shadow Fork 9. Bitcoin was well above $20,000 on Friday.
Read more »
Bitcoin ETFs and Open Interest From BTC Futures, Options Follow Crypto Economy's Spot Market Decline – Market Updates Bitcoin NewsDuring the past eight months, data shows bitcoin futures markets and BTC-centric exchange-traded funds (ETFs) have taken deep losses during this year’s crypto bear market.
Read more »
Market Wrap: Bitcoin Surges as Fed Governor Talks Down 100 Basis Point Rate HikeU.S. Federal Reserve Governor Christopher Waller said he supports hiking interest rates by 75 basis points in July, alleviating some fears of a 100 basis-point raise.
Read more »
Market Wrap: Bitcoin Erases Weekly Losses, but Risks RemainMARKET WRAP: Bitcoin climbed for a third consecutive day and erased weekly losses, but skepticism about a sustained recovery remains. JimmyHe32 reports
Read more »
South African Central Bank Now Considers Cryptocurrency to Be a Financial Asset – Emerging Markets Bitcoin News'Our view has changed and we now regard [cryptocurrency] as a financial asset and we hope to regulate it as a financial asset,' Kuben Naidoo said. regulation financialasset
Read more »