Apecoin was buying and selling near a two-month excessive on Monday, regardless of crypto costs primarily being in the purple to start out the week. International crypto markets are at present down round 2% as of writing. Regardless of this, filecoin continued its personal surge, with costs of the token up almost 70% in the final seven days.
Filecoin (FIL)
Filecoin (FIL) was as soon as once more a notable mover in crypto, as costs of the token rose for a seventh consecutive session.
Monday noticed the token hit an intraday excessive of $11.24, which is its highest stage since Could 11, when costs had been buying and selling above $11.50.
Total, FIL is at present buying and selling almost 70% larger than on the identical level final week, when costs of the token had been at a flooring of $5.10.
FIL/USD – Day by day Chart
The rally commenced at this assist level, with bullish stress intensifying as the times and week progressed.
This led to the 14-day RSI (relative energy index) monitoring at a peak of 83, which is its highest level since March 2021.
Earlier positive aspects in FIL have now eased on account of costs being overbought, and following a collision near a resistance level of $11.25.
FIL/USD is buying and selling at $8.88 as of writing.
Apecoin (APE)
Along with FIL, apecoin (APE) was additionally in the inexperienced throughout Monday’s session, with costs hovering close to a two-month excessive.
APE/USD hit a excessive of $7.26 in right this moment’s session, which comes lower than a day after the token was buying and selling at $6.70.
Right now’s transfer noticed the token commerce marginally under $7.30, which is its highest level for the reason that finish of Could.
APE/USD – Day by day Chart
Nevertheless, following a slight breakout above a resistance stage of $7.15, bullish stress eased, with the value now buying and selling beneath $7.00.
Trying deeper into the present every day chart on APE, you’ll be able to see that the relative energy index is at present at 64.28, which is close to a ceiling of 65.
Ought to this momentum proceed to rise, then we would see bulls try to recapture the next resistance level of $9.30.
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