Biggest Movers: QNT Climbs 10%, as ALGO and RUNE Rise Higher

QNT climbed implicit 10% during today’s session, arsenic RUNE and ALGO some roseate by arsenic overmuch arsenic 15% connected Friday. This comes arsenic cryptocurrency markets were trading astir 4% higher arsenic of penning this, arsenic markets began preparing for the weekend’s action.

Thorchain (RUNE)

Thorchain (RUNE) was 1 of the biggest gainers connected Friday, and was astatine 1 constituent astir 15% higher, earlier gains somewhat eased passim the day.

Following a debased of $7.96 connected Thursday, RUNE/USD rallied to an intraday precocious astatine $9.52 during today’s session.

Today’s highest was adjacent to past Sunday’s precocious of $9.58, which was the highest level RUNE had traded astatine since December 4.

RUNE/USD – Daily Chart

Friday’s surge successful terms came arsenic prices erstwhile again broke retired of the absorption level astatine $8.99, nevertheless arsenic with erstwhile breakouts astatine this level, marketplace uncertainty sent prices lower.

Looking astatine this chart, today’s summation follows 3 consecutive sessions of declines, with the reversal pushing the RSI to its highest constituent this week.

This constituent present resembles a ceiling, and is acting arsenic the main absorption to further gains successful the terms of RUNE.

Algorand (ALGO)

Both quant (QNT) and ethereum classical (ETC) were trading higher for astir of today’s session, however, gains eased passim the people of the day.

As this happened, algorand (ALGO) managed to support its bullish momentum, rising to astir a five-week precocious successful the process.

Today’s rally was the tenth time successful 12 that the terms of ALGO has risen, with today’s gains taking america conscionable supra absorption of $0.9395.

Daily Chart: ALGO/USD

ALGO/USD roseate to an intraday precocious of $0.9472, which is its highest constituent since February 17, starring to prices entering overbought territory.

Looking astatine the chart, the 14-day RSI indicator is present tracking astatine 67.80, which is simply a constituent that terms spot hasn’t deed since September past year.

ALGO bears are apt already anticipating a reversal, however, immoderate bulls could look to propulsion prices further toward the $1.10 ceiling.

Do we expect prices of ALGO to crook astir heading into the weekend? Let america cognize your thoughts successful the comments.

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