THELOGICALINDIAN - QNT climbed over 10 during todays affair as RUNE and ALGO both rose by as abundant as 15 on Friday This comes as cryptocurrency markets were trading about 4 college as of autograph this as markets began advancing for the weekends activity
Thorchain (RUNE)
Thorchain (RUNE) was one of the better gainers on Friday, and was at one point about 15% higher, afore assets somewhat eased throughout the day.
Following a low of $7.96 on Thursday, RUNE/USD rallied to an intraday aerial at $9.52 during today’s session.
Today’s aiguille was abutting to aftermost Sunday’s aerial of $9.58, which was the accomplished akin RUNE had traded at back December 4.
Friday’s billow in amount came as prices already afresh bankrupt out of the attrition akin at $8.99, about as with antecedent breakouts at this level, bazaar ambiguity beatific prices lower.
Looking at this chart, today’s accretion follows three after sessions of declines, with the changeabout blame the RSI to its accomplished point this week.
This point now resembles a ceiling, and is acting as the capital attrition to added assets in the amount of RUNE.
Algorand (ALGO)
Both assistant (QNT) and ethereum archetypal (ETC) were trading college for best of today’s session, however, assets eased throughout the advance of the day.
As this happened, algorand (ALGO) managed to advance its bullish momentum, ascent to about a five-week aerial in the process.
Today’s assemblage was the tenth day in twelve that the amount of ALGO has risen, with today’s assets demography us aloof aloft attrition of $0.9395.
ALGO/USD rose to an intraday aerial of $0.9472, which is its accomplished point back February 17, arch 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 amount backbone hasn’t hit back September aftermost year.
ALGO bears are acceptable already anticipating a reversal, however, some beasts could attending to advance prices added against the $1.10 ceiling.
Do we apprehend prices of ALGO to about-face about branch into the weekend? Let us apperceive your thoughts in the comments.
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