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Binance coin rose to a five-month excessive on Monday, as cryptocurrency costs continued to commerce larger. The token rose to its highest level since mid-Could, extending latest good points within the course of. Avalanche was additionally within the inexperienced, climbing to a six-week excessive throughout as we speak’s session.
Binance Coin (BNB)
Binance coin (BNB) rose to a five-month excessive to begin the week, as cryptocurrency markets surged on Monday.
BNB/USD moved to a peak of $336.52 earlier as we speak, which comes lower than a day after buying and selling at a low of $307.37.
Monday’s rise in worth sees the token hit its highest level since Could 9, when the coin was buying and selling at $359.
General, BNB has now prolonged its latest bull run, with costs transferring larger for a fourth consecutive day.
Regardless of latest hacks on a blockchain linked to Binance, its native token stays unscathed, and has now risen by as a lot as $100 within the final ten days.
Because of this, the 14-day relative power index (RSI) has risen to overbought territory, and is now monitoring at its highest level since final April.
Avalanche (AVAX)
One other notable mover in as we speak’s session was avalanche (AVAX), which rebounded following a risky weekend.
Following yesterday’s low of $17.96, AVAX/USD was in a position to climb to a excessive of $19.71 on Monday.
At this time’s transfer got here because the token moved above its latest resistance of $18.50, hitting its highest level since mid-September within the course of.
Wanting on the chart, the RSI for AVAX is presently monitoring at 68.49, which is just below a ceiling of 70.00.
That is the strongest level the index has reached since early August, and can possible be the most important impediment stopping the token from additional surges.
With the intention to transfer above $20.00, bulls might want to first make sure that the RSI strikes nicely previous this upcoming wall.
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Might we see avalanche hit $20.00 forward of Wednesday’s FOMC assembly? Tell us your ideas within the feedback.
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