Biggest Movers: CVX Nearly 14% Higher, as RUNE Extends Friday’s Gains 

CVX was trading astir 14% higher to commencement the weekend, arsenic RUNE extended yesterday’s gains, climbing by implicit 13% connected Saturday. CVX is present up by astir 35% this week, rising to multi-week highs successful the process.

Thorchain (RUNE)

RUNE was 1 of the biggest gainers successful crypto markets for a 2nd consecutive session, arsenic it further cemented itself arsenic the world’s 45th-largest cryptocurrency by marketplace cap.

Following a precocious of $9.52 connected Friday, RUNE/USD rallied to a greater precocious of $10.26 to footwear disconnected the weekend’s session.

Today’s highest is the highest level RUNE had traded astatine since December 3, erstwhile prices were falling from highs astir $13.

RUNE/USD – Daily Chart

Saturday’s determination saw the 14-day RSI indicator erstwhile again interaction its absorption constituent of 79.11, which hasn’t been breached since November.

Looking astatine this chart, $11.30 is the adjacent apt destination for bulls attempting to widen caller gains, nevertheless the roadworthy to this constituent volition apt beryllium turbulent.

Prices are overbought, and a reversal could beryllium connected the cards, contempt the bullish sentiment of the past 2 sessions.

Convex Finance (CVX)

Saturday’s terms surge has sent CVX to its highest constituent successful implicit 3 weeks, with the token present trading much than 35% higher successful the past week.

Following a debased of $23.12 little than 24 hours ago, CVX/USD climbed to a highest of $27.39 during today’s session.

The terms of CVX has present risen for 11 retired of the past 13 trading days, a tally which started astatine its enactment of $15.40.

CVX/USDT – Daily Chart

As a effect of this rally successful prices, marketplace sentiment is presently hovering successful overbought territory, with the RSI tracking astatine humanities highs.

Looking astatine the chart, the terms spot is tracking astatine 72.04, which is good supra the erstwhile precocious of 54.25.

Despite the rally, CVX is present trading astir absorption astatine $27.90, which whitethorn beryllium a motion for bears to bring prices lower.

Could we spot this terms ceiling breached this weekend? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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