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

March 26, 2022

CVX was buying and selling practically 14% greater to begin the weekend, as RUNE prolonged yesterday’s positive aspects, climbing by over 13% on Saturday. CVX is now up by practically 35% this week, rising to multi-week highs within the course of.

Thorchain (RUNE)

RUNE was one of many greatest gainers in crypto markets for a second consecutive session, because it additional cemented itself because the world’s Forty fifth-largest cryptocurrency by market cap.

Following a excessive of $9.52 on Friday, RUNE/USD rallied to a larger excessive of $10.26 to kick off the weekend’s session.

Today’s peak is the very best stage RUNE had traded at since December 3, when costs have been falling from highs round $13.

Saturday’s transfer noticed the 14-day RSI indicator as soon as once more contact its resistance level of 79.11, which hasn’t been damaged since November.

Looking at this chart, $11.30 is the subsequent doubtless vacation spot for bulls making an attempt to increase current positive aspects, nonetheless the highway thus far will doubtless be turbulent.

Prices are overbought, and a reversal could possibly be on the playing cards, regardless of the bullish sentiment of the final two periods.

Convex Finance (CVX)

Saturday’s value surge has despatched CVX to its highest level in over three weeks, with the token now buying and selling greater than 35% greater within the final week.

Following a low of $23.12 lower than 24 hours in the past, CVX/USD climbed to a peak of $27.39 throughout at the moment’s session.

The value of CVX has now risen for 11 out of the final 13 buying and selling days, a run which began at its assist of $15.40.

As a results of this rally in costs, market sentiment is at present hovering in overbought territory, with the RSI monitoring at historic highs.

Looking on the chart, the worth power is monitoring at 72.04, which is effectively above the earlier excessive of 54.25.

Despite the rally, CVX is now buying and selling round resistance at $27.90, which can be an indication for bears to convey costs decrease.

Could we see this value ceiling damaged this weekend? Let us know your ideas within the feedback.