Despite mainly being in the red, there were a few notable big movers in crypto markets on Friday. Initially, STX was one of them, climbing by as much as 36%, before giving up all of these gains. However, RUNE and KDA managed to sustain gains.
Biggest Movers: RUNE Rallies on Friday, With KDA Climbing Over 10%
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Thorchain (RUNE)
Thorchain (RUNE) rose for the second time in the last three days, as it continues to move towards entering the cryptocurrency top 50.
Following a low of $4.82 on Thursday, RUNE/USD rose to an intraday high of $:$6.27 today, which is its highest level since January 17.
As of writing this, RUNE is trading nearly 13% higher, following an earlier breakout of its recent ceiling at $5.50.
Looking at the chart, today’s surge has seen the 14-day RSI climb to a one-week high of 63, which has also historically been a resistance level.
In the event that price strength is able to move past this point, there is a strong chance that bulls could be targeting the $7.15 ceiling.
Kadena (KDA)
Kadena (KDA) climbed to its highest level since March 2 on Friday, as it continued to move away from its recent support level.
KDA/USD hit an intraday high of $8.26 during today’s session, following a surge from its price floor of $5.70.
Today’s move sent prices past recent resistance of $7.55, for the first time since February 16, after following a valentine’s day price surge.
As of writing this, KDA is still trading over 10% higher, tracking at 11.67% for the day, however, gains have eased, as traders seem to have secured earlier profits.
However, with the RSI of 14-day moving past its own resistance of 50.40, there could still be more bullish pressure to come from kadena.
Could we see KDA at $10 in the next few sessions? Let us know your thoughts in the comments.
