Biggest Movers: CRO Moves From 3-Month Low, XLM Extends Recent Gains – Market Updates Bitcoin News

Cronos rose for a second consecutive session, as the token continued to move away from a recent three-month low. Volatility in the marketplace was high on Friday, after several days of price consolidation. Stellar also surged, moving to a three-day high.

Cronos (CRO)

Cronos (CRO) continued to move away from a recent three-month low on Friday, after rising for a second straight session.

After trading at a bottom of $0.05072 on Thursday, CRO/USD surged to a peak of $0.05291 earlier in the day.

This moves comes as cronos bulls managed to avoid a full breakout below a support point at $0.0495.

One reason for this was the stability of the support point of 34.00 on the relative strength index (RSI).

At the time of writing, the index is now tracking at 49.60, with the next point of resistance around 52.00.

In the event that price strength climbs beyond this point, CRO will most likely be trading around $0.05500.

Stellar (XLM)

Stellar (XLM) rose to a three-day high in today’s session, as bulls continued to target a key price ceiling.

XLM/USD hit a high of $0.1271 earlier in the day, which comes less than 24 hours after trading at $0.122.

The move comes as the 10-day (red) moving average approaches an upwards crossover with its 25-day (blue) counterpart.

This is the closest that traders of stellar have come to taking price over a resistance zone of $0.1300 since Tuesday.

Today’s surge came as the 14-day RSI broke free of a ceiling at 49.00, moving to a current level of 51.08 in the process.

Despite this, earlier gains have marginally eased, with XLM now trading at $0.1253.

Register your email here to get weekly price analysis updates sent to your inbox:

Could stellar climb beyond $0.1300 this weekend? Let us know your thoughts in the comments.

Source: Bitcoin

Related posts

Twitch August viewership lower than July for first time in 6 years | StreamElements State of the Stream


Microstrategy Acquires 5,445 More Bitcoin — Total Holdings Climb to 158,245 BTC – Featured Bitcoin News


Tether Denies Links With Alleged Spokeswoman Alex Welch; Blasts 'Tabloid' News Outlets – Bitcoin News

Cleantech & EV'sNews

Maxwell Vehicles, Rossmönster offer a new era of van life with bespoke solar electric camper

Sign up for our Newsletter and
stay informed!

Share Your Thoughts!

This site uses Akismet to reduce spam. Learn how your comment data is processed.