Tron rose in today’s session, heading for a one-week high after a recent drop. This comes as Thorchain’s RUNE continues to trade, with today’s drop bringing prices closer to their lowest level since January 2021.
Tron (TRX
Tron (TRX) jumped to a seven-day weekly high in Thursday’s session as prices recovered from a recent drop.
Less than a day after trading at the low of $0.06955,
TRX/USD rose to a peak of $0.0744 early this morning.
Today’s peak is the highest since last Saturday and just below the May 13 high of $0.07650.
TRXhas been more volatile this month, going from a peak of $0.09267 on May 8 to a low of $0.06304 just two days later. It is one of the most volatile tokens.
Looking at the chart, the Relative Strength Index (RSI) has mostly consolidated since then, holding below the 52.50 ceiling.
As of this writing, price strength is still below that point, and if that level is not broken through, prices could fall in the future, despite a nearly 7% gain today.
Sawchain (RUNE)
Other than the fact that both stocks start with a “T,” there were no similarities between Tron and Sawchain (RUNE) in terms of market movement on Thursday.
RUNE/USD mostly declined during the session, approaching its lowest level since January 2021.
On Thursday, prices fell to an intraday low of $2.85, about $0.50 below the 16-month low of $2.35 reached on May 12.
However, after hitting a bottom today, prices settled at the $2.87 support level, as they did the day after last week’s drop.
RUNE/USD is currently trading at $3.15, and some bulls may try to push the marker toward $3.80 resistance.
A sharp rise above 35, the upper bound of the 14-day RSI, is needed for this rise to be successful.
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