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

QNT climbed over 10% throughout right this moment’s session, as RUNE and ALGO each rose by as a lot as 15% on Friday. This comes as cryptocurrency markets had been buying and selling practically 4% larger as of penning this, as markets started getting ready for the weekend’s motion.

Thorchain (RUNE)

Thorchain (RUNE) was one of many largest gainers on Friday, and was at one level practically 15% larger, earlier than positive factors considerably eased all through the day.

Following a low of $7.96 on Thursday, RUNE/USD rallied to an intraday excessive at $9.52 throughout right this moment’s session.

Today’s peak was near final Sunday’s excessive of $9.58, which was the very best stage RUNE had traded at since December 4.

Friday’s surge in worth got here as costs as soon as once more broke out of the resistance stage at $8.99, nevertheless as with earlier breakouts at this stage, market uncertainty despatched costs decrease.

Looking at this chart, right this moment’s achieve follows three consecutive classes of declines, with the reversal pushing the RSI to its highest level this week.

This level now resembles a ceiling, and is appearing as the primary resistance to additional positive factors within the worth of RUNE.

Algorand (ALGO)

Both quant (QNT) and ethereum traditional (ETC) had been buying and selling larger for many of right this moment’s session, nevertheless, positive factors eased all through the course of the day.

As this occurred, algorand (ALGO) managed to keep up its bullish momentum, rising to almost a five-week excessive within the course of.

Today’s rally was the tenth day in twelve that the worth of ALGO has risen, with right this moment’s positive factors taking us simply above resistance of $0.9395.

ALGO/USD rose to an intraday excessive of $0.9472, which is its highest level since February 17, resulting in costs coming into overbought territory.

Looking on the chart, the 14-day RSI indicator is now monitoring at 67.80, which is some extent that worth energy hasn’t hit since September final 12 months.

ALGO bears are seemingly already anticipating a reversal, nevertheless, some bulls might look to push costs additional towards the $1.10 ceiling.

Do we count on costs of ALGO to show round heading into the weekend? Let us know your ideas within the feedback.

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