NEAR rose to its highest level since last Thursday, as prices rebounded from recent lows. SAND and RUNE also climbed from long-term support levels on Tuesday, with RUNE rising by over 20% in today’s session.
THORChain (RUNE)
RUNE was easily one of the biggest gainers during today’s trading session, as it separated itself from AXS, cementing itself as the world’s 43rd-largest cryptocurrency.
Following a low of $7.50 during yesterday’s session, Tuesday’s session saw RUNE/USD rise to an intraday high of $9.05 earlier today.
This move sees RUNE climb to its highest level since last Thursday, April 14, where price went on to be held at resistance.
The long-term ceiling is currently at $9.40, which hasn’t been broken since earlier this month, and late March prior to that.
Regardless of this, price strength has recently shown strong gains, with the 14-day RSI climbing beyond the ceiling of 51.
Should this momentum extend, we could see RUNE at $10.00 later this week. However, bulls could likely take profits once this point is reached.
NEAR Protocol (NEAR)
NEAR continued to move away from its long-term support level on Tuesday, as prices rebound following a recent four-day bear run.
This run took NEAR from resistance of $17.55, all the way down to support of $15.40, with a breakout taking prices to multi-week lows.
Since bouncing from support yesterday, those gains extended in today’s session, with NEAR/USD hitting a peak of $17.50.
Now once again near resistance, many are waiting to see if prices will continue to consolidate, or if there will be a sustained breakout for the first time this month.
Looking at the chart, the 14-day RSI is currently tracking at 63.24, which although overbought, has just climbed past a resistance level of 61, and appears to be aiming for a higher ceiling at 66.
Should this happen, NEAR could be trading near the $18.00 mark, with the potential to recapture $20 for the first time since January.
Will we finally see a breakout in NEAR after a month of consolidation? Let us know your thoughts in the comments.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.