RUNE climbs to highest level since December, CVX 14% higher.
RUNE was one of the biggest gainers in crypto markets for a second consecutive session, as it further cemented itself as the world’s 45th-largest cryptocurrency by market cap.
Today’s peak is the highest level RUNE had traded at since December 3, when prices were falling from highs around $13.Saturday’s move saw the 14-day RSI indicator once again touch its resistance point of 79.11, which hasn’t been broken since November. Prices are overbought, and a reversal could be on the cards, despite the bullish sentiment of the last two sessions.Saturday’s price surge has sent CVX to its highest point in over three weeks, with the token now trading more than 35% higher in the last week.
The price of CVX has now risen for 11 out of the last 13 trading days, a run which started at its support of $15.40.As a result of this rally in prices, market sentiment is currently hovering in overbought territory, with the RSI tracking at historical highs.
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