Terra classic rose as high as 20% today's session. This comes after a bearish streak. Today's rally comes after Thursday's fall to a critical support level, where bulls see this as an area of opportunity to reenter. The Xrp also moved closer to a level of long-term resistance.
Terra Classic (LUNC).
Terra classic (LUNC), one of the top gainers, saw the token rise by almost 20% to begin the weekend.
After a Friday low of $0.0002671, LUNC/USD surged to an intraday high of $0.000328 today.
This was done as the token reached a floor of $0.000248 Thursday. Bulls used this as a point of entry to the market.
It appears these bulls are currently targeting $0.000380 resistance as a possible exit zone.
To achieve this, the 14-day relative weakness index (RSI), would first need to surpass the ceiling at the 55.00 mark.
The index currently stands at 53.41. This is the highest level since the beginning of the week.
As terra classic was, XRP also started the weekend in green, as it moved closer to the key price ceiling.
Friday's XRP/USD trade was below the support level of $0.3260. Prices fell to $0.3212.
The bulls refused to give up, and price reached $0.3571 earlier today.
The chart shows that XRP is nearing a resistance level at $0.3610 as it was at the beginning the week.
This high price will have to be reclaimed, and the RSI is nearing a resistance level of 56.00.
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By: Eliman Dambell
Title: Biggest Movers: LUNC up 20% on Saturday, XRP Moves Towards 1-Week High
Sourced From: news.bitcoin.com/biggest-movers-lunc-up-20-on-saturday-xrp-moves-towards-1-week-high/
Published Date: Sat, 17 Sep 2022 14:00:23 +0000
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