XRP hits 4-month high, ALGO up 17% on Thursday.
Today’s climb sees prices rise by over 10%, and comes as the 14-day relative strength index rose to a multi-month high of its own.
History shows that when price strength climbs to these levels, bears often reenter, as they view prices as being overbought.Algorand was also in the green in today’s session, as prices rose by as much as 17% on Thursday. This high is the strongest point that algorand has traded at since mid-August, which is the last time prices also collided with a resistance point of $0.3800.Following this earlier collision, ALGO has moved lower, and as of writing, is currently trading at $0.3711.
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