Algorand has been a notable exception in what has been a comparatively bearish begin to the weekend. On Nov. 19, the token rose by practically 10%, as cryptocurrency markets principally 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 the 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 in the day.
This noticed the token climb by practically 10% in in the present day’s session, hitting its highest stage since final Friday in the method.
ALGO/USD – Each day Chart
Wanting on the chart, costs broke out of a key resistance stage of $0.30 because of in the present day’s surge.
One other breakout can be noticed, with the 14-day relative energy 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 greater for a second straight day.
TRX/USD hit a peak of $0.05197 earlier in 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.
TRX/USD – Each day Chart
Along with this, the RSI additionally hovered near a ceiling of its personal, with the index presently monitoring barely above this level at 36.31.
Ought to bulls intend to keep up the present upward momentum, this ceiling will must be totally demolished.
If that’s the case, we’ll doubtless 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 in the feedback.
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