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Cronos rose for a second consecutive session, as the token continued to move away from a recent three-month low. Volatility in the marketplace was high on Friday, after several days of price consolidation. Stellar also surged, moving to a three-day high.
Cronos (CRO)
Cronos (CRO) continued to move away from a recent three-month low on Friday, after rising for a second straight session.
After trading at a bottom of $0.05072 on Thursday, CRO/USD surged to a peak of $0.05291 earlier in the day.
This moves comes as cronos bulls managed to avoid a full breakout below a support point at $0.0495.
One reason for this was the stability of the support point of 34.00 on the relative strength index (RSI).
At the time of writing, the index is now tracking at 49.60, with the next point of resistance around 52.00.
In the event that price strength climbs beyond this point, CRO will most likely be trading around $0.05500.
Stellar (XLM)
Stellar (XLM) rose to a three-day high in today’s session, as bulls continued to target a key price ceiling.
XLM/USD hit a high of $0.1271 earlier in the day, which comes less than 24 hours after trading at $0.122.
The move comes as the 10-day (red) moving average approaches an upwards crossover with its 25-day (blue) counterpart.
This is the closest that traders of stellar have come to taking price over a resistance zone of $0.1300 since Tuesday.
Today’s surge came as the 14-day RSI broke free of a ceiling at 49.00, moving to a current level of 51.08 in the process.
Despite this, earlier gains have marginally eased, with XLM now trading at $0.1253.