Theta network was trading at a three-month high on Friday as prices broke through a key resistance level. Today’s move comes as the crypto market rose mostly in the session, up 2.86% at the time of writing. Near-protocols were up 17%, also hitting multi-month highs.
Theta Network (THETA)
Theta Network (THETA) was one of Friday’s notable gainers as prices rose nearly 16% in today’s session.
Friday’s surge means that the token hit an intraday high of $1.65 in less than 24 hours after trading at a low of $1.37.
Today’s rally took THETA/USD to its highest point since the $1.84 peak on May 11.
The chart shows this move as THETA broke through the key $1.57 resistance level two days ago when it last tried to cross this hurdle!
The move came as the Relative Strength Index (RSI) also crossed the 62 ceiling and is at 65.30 at the time of writing.
as THETA entered overbought territory at its highest level since April.
This could result in bears re-entering the market in future sessions.
Near protocol (NEAR)
Near protocol (NEAR) traded even higher than THETA on Friday, with the token up 17%.
After hitting a low of $4.33 on Thursday, NEAR/USD ran up to a peak of $5.19 earlier in the session today.
Like THETA, this high occurred when the near protocol broke out of a long-term resistance level at $4.80.
Since rebounding from these declines, the 14-day RSI has tracked from a low of 36.51 on June 14 and is currently at 68.
As a result, prices are now overbought, but bulls appear eager for more upside with a target at the $5.55 ceiling.
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