Binance coin rose to a five-month excessive on Monday, as cryptocurrency costs continued to commerce larger. The token rose to its highest level since mid-Could, extending current positive aspects in the method. Avalanche was additionally in the inexperienced, climbing to a six-week excessive throughout right now’s session.
Binance Coin (BNB)
Binance coin (BNB) rose to a five-month excessive to start out the week, as cryptocurrency markets surged on Monday.
BNB/USD moved to a peak of $336.52 earlier right now, which comes lower than a day after buying and selling at a low of $307.37.
Monday’s rise in worth sees the token hit its highest level since Could 9, when the coin was buying and selling at $359.
BNB/USD – Each day Chart
General, BNB has now prolonged its current bull run, with costs shifting larger for a fourth consecutive day.
Regardless of current hacks on a blockchain linked to Binance, its native token stays unscathed, and has now risen by as a lot as $100 in the final ten days.
On account of this, the 14-day relative energy index (RSI) has risen to overbought territory, and is now monitoring at its highest level since final April.
Avalanche (AVAX)
One other notable mover in right now’s session was avalanche (AVAX), which rebounded following a risky weekend.
Following yesterday’s low of $17.96, AVAX/USD was capable of climb to a excessive of $19.71 on Monday.
At present’s transfer got here because the token moved above its current resistance of $18.50, hitting its highest level since mid-September in the method.
AVAX/USD – Each day Chart
Wanting on the chart, the RSI for AVAX is presently monitoring at 68.49, which is just below a ceiling of 70.00.
That is the strongest level the index has reached since early August, and can possible be the most important impediment stopping the token from additional surges.
So as to transfer above $20.00, bulls might want to first be sure that the RSI strikes nicely previous this upcoming wall.
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