Biggest Movers: BNB Rallies to 5-Month High on Monday

Binance coin roseate to a five-month precocious connected Monday, arsenic cryptocurrency prices continued to commercialized higher. The token roseate to its highest constituent since mid-May, extending caller gains successful the process. Avalanche was besides successful the green, climbing to a six-week precocious during today’s session.

Binance Coin (BNB)

Binance coin (BNB) roseate to a five-month precocious to commencement the week, arsenic cryptocurrency markets surged connected Monday.

BNB/USD moved to a highest of $336.52 earlier today, which comes little than a time aft trading astatine a debased of $307.37.

Monday’s emergence successful terms sees the token deed its highest constituent since May 9, erstwhile the coin was trading astatine $359.

BNB/USD – Daily Chart

Overall, BNB has present extended its caller bull run, with prices moving higher for a 4th consecutive day.

Despite caller hacks connected a blockchain linked to Binance, its autochthonal token remains unscathed, and has present risen by arsenic overmuch arsenic $100 successful the past 10 days.

As a effect of this, the 14-day comparative spot scale (RSI) has risen to overbought territory, and is present tracking astatine its highest constituent since past April.

Avalanche (AVAX)

Another notable mover successful today’s league was avalanche (AVAX), which rebounded pursuing a volatile weekend.

Following yesterday’s debased of $17.96, AVAX/USD was capable to ascent to a precocious of $19.71 connected Monday.

Today’s determination came arsenic the token moved supra its caller absorption of $18.50, hitting its highest constituent since mid-September successful the process.

AVAX/USD – Daily Chart

Looking astatine the chart, the RSI for AVAX is presently tracking astatine 68.49, which is somewhat nether a ceiling of 70.00.

This is the strongest constituent the scale has reached since aboriginal August, and volition apt beryllium the biggest obstacle preventing the token from further surges.

In bid to determination supra $20.00, bulls volition request to archetypal guarantee that the RSI moves good past this upcoming wall.

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Could we spot avalanche deed $20.00 up of Wednesday’s FOMC meeting? Let america cognize your thoughts successful the comments.

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