STX was one of those big movers, rising by up to 36% before losing all of its gains. RUNE and KDA were able to maintain gains.
Thorchain (RUNE).
Thorchain RUNE rose for a second time in three days as it moves towards the top 50 cryptocurrency markets.
After a low of $4.82 Thursday, RUNE/USD climbed to an intraday high at $:$6.27, today. This is the highest intraday level since January 17.
RUNE trades nearly 13% higher as of this writing, following an earlier breakout at $5.50 of its ceiling.
The chart shows that today’s surge saw the 14-day RSI rise to a peak of 63. This is historically a resistance level.
If price strength can move beyond this point, bulls may be looking for the $7.15 ceiling.
Kadena (KDA)
Kadena – KDA has climbed to its highest level on Friday, March 2, as it continues to move away form its support level.
KDA/USD reached an intraday high at $8.26 today’s session after a rise from its $5.70 price floor.
Today’s price move pushed prices above $7.55 resistance for the first time since February 16th, after a Valentine’s Day price surge.
KDA trades at over 10% higher and tracking at 11.67% for day as of writing. However, gains have eased since traders seem to have made earlier profits.
However, the RSI at 14-day has moved past its resistance of 50.40 and there is still potential for more bullish pressure from kadena.
