2 years ago
Avalanche was trading adjacent to a two-month precocious connected Saturday, contempt markets mostly consolidating. Another objection was filecoin, which surged to commencement the weekend, climbing by implicit 10% successful today’s session. As of writing, crypto markets are trading 1.03% higher.
Avalanche (AVAX)
Avalanche (AVAX) was 1 of Saturday’s notable gainers, arsenic prices moved adjacent to a two-month high.
Following a debased of $23.98 connected Friday, AVAX/USD surged to a precocious of $25.91 to commencement the weekend’s session.
This determination sees the token determination person to its semipermanent ceiling of $26.00, and a two-month precocious of $26.42.
Looking astatine the chart, today’s highest comes arsenic AVAX has rallied for 4 consecutive sessions, pushing terms spot to a multi-week high.
As of writing, the comparative spot scale (RSI) is tracking astatine 62.50, which is its highest constituent since July 22.
This is besides marginally beneath a ceiling of 64, which AVAX volition request to flooded for it to ascent supra the $26.42 level.
Filecoin (FIL)
While AVAX moved adjacent to a two-month high, filecoin (FIL) was erstwhile of today’s biggest movers, arsenic prices roseate by astir 15%.
FIL/USD raced to an intraday highest of $9.43 to commencement the weekend, little than 24 hours aft residing astatine a debased of $8.10.
As a effect of Saturday’s surge, FIL moved adjacent to its terms ceiling of $9.50, which is usually the past enactment of defence to a determination supra $10.00.
Overall, filecoin is inactive up by implicit 25% successful the past 7 days, contempt prices falling from a astir three-month precocious of $11.37 this past Monday.
In bid for FIL to recapture those highs, the 14-day RSI would request to determination past a absorption constituent of its own.
The indicator is presently tracking astatine 70, which is already successful overbought territory, nevertheless it volition request to ascent person to 82, which is simply a constituent it deed connected Monday.
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Do you expect filecoin to surge to $10 this weekend, contempt being overbought? Let america cognize your thoughts successful the comments.
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