As of writing, prices have slightly slipped from earlier highs, with monero now trading around the $138 region.trading below its long-term ceiling of $136.ALGO was another relatively strong gainer on Saturday, as it too rose to a multi-week high to start the weekend.
The token hit an intraday peak of $0.3425 earlier today, which is the most it has traded at since June 26. As a result of today’s surge, ALGO/USD is now on the cusp of colliding with its long-term price ceiling at $0.3500.Looking at the chart, relative strength has risen considerably over the last few weeks, with the index now tracking at 54.19.
This is the highest reading for the RSI since April 4, when prices were trading at double the current value. Bulls seem to be aiming to move past the upcoming price ceiling, however it is likely that bears will look to send prices lower at that level.Tags in this story
Everyone seems to have forgotten about this project, but I still hold $XRM on bitfinex
Could be a bull trap 🐂 🪤!!
Interesting $PAW
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