TRON rose in price for the third consecutive session, approaching a seven-month high. KSM also rose earlier today, posting double-digit gains on hump day.
TRXmoved toward a seven-month high in today’s session, having gained about 15% on Wednesday.
After trading as low as $0.08039 in Tuesday’s session,. trx/usd rose to an intraday peak of $0.09094 earlier today.
TRX prices have now surged for three consecutive days after the recent consolidation and today’s surge has taken it to multi-week highs.
Wednesday’s high was just below the May 8 high of $0.09250,the highest level for TRXsince December 9.
The ceiling of 64.35 on the 14-day RSI has somewhat diminished the previous gains.
KSM also rose by double digits on Wednesday, reaching its highest level in the past seven days.
KSM/USD rose to an intraday high of $86.37 today, trading at its highest level since May 23.
The surge follows a false breakout attempt at the $70.42 bottom as prices rose for the fifth consecutive session.
The chart shows that today’s rally has since eased, which is due to bulls fleeing as the KSM approaches the resistance point at $87
The Relative Strength Index has also hit a ceiling at 44.55, which is likely a signal for the bears to exit and requires further confirmation.
If this ceiling eventually clears, we could possibly see the bulls trying to take KSM toward the $100 mark.
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