Tron rose to a one-month high in today’s session, hitting a key resistance point in the process. The surge in price comes despite cryptocurrency markets trading mostly lower on Monday. Another exception to this decline was maker, which remained close to an eight-week high.
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tron (TRX)
tron (TRX) surged to a four-week high to start the week, hitting a key resistance point in the process.
Following a low of $0.06234 los lunes, TRX/USD climbed to a peak of $0.06492 más temprano en el día.
This saw prices near a collision with a key resistance point of $0.06500, hitting their strongest point since September 11 en el proceso.
As can be seen from the chart, earlier gains have somewhat eased, as traders liquidated their positions at this point of resistance.
Currently tron is trading at $0.06369, despite the day’s slippage, remaining nearly 2% higher than yesterday’s low.
Al momento de escribir, the 14-day relative strength index (RSI) is tracking at 61.65, which is its highest point in over five months, and could potentially give way to the reemergence of bears later in the week.
Maker (MKR)
Maker (MKR) was also in the green on Monday, as the token was trading close to a two-month high.
Después de un máximo de $1,111.14 on Sunday, MKR/USD slipped to an intraday low of $882.56 earlier today.
Prices of the token have been climbing over the past week, since hitting a floor of $815.00 last Friday.
Al momento de escribir, maker is currently trading at $940.45, with the RSI tracking above 70, which is in overbought territory.
Like with tron earlier, this could be an opportune time for bears to reenter the market, in the hopes that a current high has already been established.
Sin embargo, some traders will continue to maintain bullish sentiment, and hope to move beyond a higher ceiling of $1,200.
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Do you expect maker to rally beyond this ceiling in October? Háganos saber sus pensamientos en los comentarios.
Créditos de imagen: Shutterstock, pixabay, Wiki Commons
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