Avalanche was trading near a two-month high on Saturday, despite the market being mostly consolidated. Another exception was Filecoin, which soared over the weekend and is up over 10% in today’s session. At the time of writing, the crypto market is trading 1.03% higher.
Avalanche (AVAX)
Avalanche (AVAX) was one of the notable gainers on Saturday, with prices approaching two-month highs.
Following Friday’s low of $23.98, AVAX/USD surged to a high of $25.91 to start the weekend session.
The move means the token is approaching its long-term ceiling of $26.00 and two-month high of $26.42.
The chart shows AVAX rising for the fourth consecutive session, peaking today as price strength pushed it to multi-week highs.
The Relative Strength Index (RSI) is at 62.50, its highest level since July 22.
This is just below the 64 ceiling that AVAX needs to overcome to rise above the $26.42 level.
Filecoin (FIL)
While AVAX approached a two-month high, Filecoin (FIL) was one of the biggest movers today, with prices up about 15%.
FIL/USD surged to an intraday peak of $9.43 at the start of the weekend, less than 24 hours after remaining at a low of $8.10.
As a result of Saturday’s surge, FIL approached the $9.50 price ceiling, which is usually the last line of defense against a move above $10.
Overall, the FIL coin is up over 25% in the last seven days, despite the price drop from this past Monday’s nearly three-month high of $11.37.
For FIL to retake these highs, the 14-day RSI will need to move above its own resistance point.
This indicator is currently hovering at 70, already in overbought territory, but needs to get closer to 82, the point it hit on Monday.
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