WAVES rallied again on Friday, with prices up over 120% in the past seven days.While WAVES soared,XLMalso had a great performance.XLMalso had a stellar performance, approaching a 3-week high on Friday.
WAVES
While crypto markets have fallen or consolidated over the past week, WAVES continued to surge, rising over 120% in that time.
On Friday, prices rose for the seventh consecutive session, hitting an intraday peak of $10.47 in the process.
The move came as the price narrowly passed through resistance at $10.45, resulting in the price approaching its highest level since May 11.
The chart shows that the 14-day RSI has also broken through its own ceiling, having crossed the 43 level earlier in the day.
As a result of this momentum rise, the 10-day and 25-day moving averages are now forming an upward cross, which could push prices even higher.
At the time of this writing, the wave’s rise has eased somewhat after hitting earlier resistance, with the asset now trading at $10.08, which is still 5.32% higher than yesterday’s top.
Stellar (XLM
XLMalso traded higher on Friday, with prices approaching multi-week peaks heading into the weekend.
Following Thursday’s low of $0.1378,XLMalso rallied; XLM/USD rose to an intraday high of $0.1504 earlier in the session today.
With this rise, prices are approaching Tuesday’s peak of $0.1537, which is the mosttraded since May 8. XLMis the highest price traded since May 8.
Friday’s rally was timed to coincide with an upward cross between the 10-day and 25-day moving averages, which has not happened since March 17 This is something that has not happened since March 17.
At that time, prices reached a peak of $0.2414, but it all went down from there as the crypto price seemed to crash, as did other major markets.
Traders will now wait to see if a breakout occurs, and if so, where price may head next.
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