Algorand has been a notable exception in what has been a comparatively bearish begin to the weekend. On Nov. 19, the token rose by almost 10%, as cryptocurrency markets largely traded decrease. One other noteworthy exception was tron, which climbed for a second consecutive day.
Algorand (ALGO)
Algorand (ALGO) was a notable gainer on Saturday, because the token moved in direction of a one-week excessive.
Following a low of $0.277 on Friday, ALGO/USD climbed to an intraday excessive of $0.3102 earlier within the day.
This noticed the token climb by almost 10% in at this time’s session, hitting its highest stage since final Friday within the course of.
Wanting on the chart, costs broke out of a key resistance stage of $0.30 on account of at this time’s surge.
One other breakout may also be noticed, with the 14-day relative power index (RSI) additionally transferring previous a key resistance stage of 45.20.
As of writing, ALGO has considerably slipped, with the token now buying and selling at $0.3007.
Tron (TRX)
Tron (TRX) additionally climbed to start out the weekend, with costs transferring larger for a second straight day.
TRX/USD hit a peak of $0.05197 earlier within the day, which comes lower than 24 hours after hitting a low of $0.05042.
On account of this rally in value, tron collided with a resistance stage of $0.05190 for the primary time since Monday.
Along with this, the RSI additionally hovered near a ceiling of its personal, with the index at the moment monitoring barely above this level at 36.31.
Ought to bulls intend to keep up the present upward momentum, this ceiling will should be absolutely demolished.
In that case, we are going to possible see TRX transfer nearer to the $0.05200 stage.
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May we see bullish momentum in tron develop for the remainder of the weekend? Tell us your ideas within the feedback.
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