Despite the fact that crypto markets were mostly in the red on Friday, there were a few noticeable significant moves. STX was one of them at first, rising by as much as 36% before giving up all of its gains. RUNE and KDA, on the other hand, were able to maintain their gains.
Thorchain (RUNE) has risen for the second time in three days, indicating that it is on its way to becoming one of the top 50 cryptocurrencies.
RUNE/USD soared to an intraday high of $:$6.27 today, its highest level since January 17, after hitting a low of $4.82 on Thursday.
RUNE is about 13 percent higher as of this writing, following an earlier breakout of its current ceiling at $5.50.
The 14-day RSI has climbed to a one-week high of 63, which has traditionally been a resistance level, according to the chart.
If price strength can rise past this level, bulls will almost certainly aim for the $7.15 ceiling.
Kadena is a character in the anime Kadena (KDA)
On Friday, Kadena (KDA) rose to its highest level since March 2, as it moved away from its previous support level.
Following a jump from its price floor of $5.70, KDA/USD touched an intraday high of $8.26 during today’s session.
Following a valentine’s day price jump, today’s advance pushed prices beyond recent barrier of $7.55 for the first time since February 16.
KDA is still trading over 10% higher as of this writing, with a daily gain of 11.67 percent; but, gains have slowed as traders appear to have locked in earlier profits.
However, with the 14-day RSI breaking beyond its own barrier level of 50.40, there could be more positive pressure on the way from kadena.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.