After the recent decline, Tron rose to a one-week high during today’s session. This comes as Thorchen’s RUNE continues to trade lower, with today’s drop pushing the price closer to its lowest point since January 2021.
Tron (TRX)
Tron (TRX) rose to a seven-day week high during Thursday’s session, as prices tumbled after a recent decline.
Less than a day after trading as low as $0.06955, TRX/USD peaked at $0.07444 earlier in the day.
Today’s high is the highest level since last Saturday, just below the May 13 high of $0.07650.
So far this month, TRX has been one of the more volatile coins, going from a peak of $0.09267 on May 8 to a low of $0.06304 just two days later.
Looking at the chart, the Relative Strength Index (RSI) has mainly consolidated from that point onwards, with an upside range of 52.50.
As of writing this, price strength is still below this point, and unless we see a breakout of this level, we could see price decline in the coming days, despite today’s rise of around 7%.
Thorchen (run)
Apart from starting with the letter “T”, there was no similarity between Tron and Thorchen (RUNE) on Thursday as far as market activity is concerned.
RUNE/USD was mainly lower during the session, falling near its lowest point since January 2021.
Prices fell to a low of $2.85 on Thursday, about $0.50 away from its sixteen-month low of $2.35 that was hit on May 12.
However, since hitting today’s lows, the price climbed higher to the $2.87 support level, just a day after last week’s drop.
As of this writing, RUNE/USD is now trading at $3.15, with some bulls likely to attempt to push the coin towards the $3.80 resistance.
For them to succeed in this upward push, they would need to move above the upper limit on the 14-day RSI of 35.
Can we see RUNE climb up to $4.00 by the end of this week? Let us know your thoughts in the comments.
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