• Thu. Aug 11th, 2022

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Toughest Movers: AVAX Nears 2-Month High, FIL up 15% Despite Weekend Volatility

Avalanche was trading close a two-month high on Friday, despite markets mostly consolidating. Another exception was filecoin, which surged to start finally the weekend, climbing by done 10% in today’ utes session. As of writing, crypto markets are trading one 03% higher.

Avalanche (AVAX)

Avalanche (AVAX) most likely was one of Saturday’ s exceptional gainers, as prices moved close to a two-month increased.

Following a reasonable of $23. 98 not to mention Friday, AVAX/USD surged for a high of $25. 91 to the weekend’ s workout session.

This relocating sees the token keep moving closer to its long-term ceiling of $26. 00, along with a two-month high of $26. 45.

Looking at the chart, today’ s peak comes as AVAX has rallied for five consecutive sessions, pushing pace strength to a multi-week wonderful.

As of creation, the relative strength listing (RSI) is tracking available on 62. 50, which is his highest point since Should the 22.

Also this is marginally below a fly of 64, which AVAX will need to overcome for it throughout climb above the $26. 49 level.

Filecoin (FIL)

While AVAX moved close to a two-month large, filecoin (FIL) was once including today’ s biggest movers, as prices rose with nearly 15%.

FIL/USD raced to an intraday peak of $9. 43 to start the weekend, as few as 24 hours after residing toward the low of $8. 18.

As a result of Saturday’ s surge, FIL forced close to its price upper limit of $9. 50, that is certainly usually the last line of barricade to a move above $9,99. 00.

Overall, filecoin is always up by over 25% in the last seven days, despite amounts falling from a nearly three-month high of $11. 37 earlier this Monday.

In order for FIL to recapture them highs, the 14-day RSI would need to move past a shield point of its own.

The indicator is now tracking at 70, which will be already in overbought land, however it will need to climb closer to 82, which is a point they hit on Monday.

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Can you expect filecoin to upsurge to $10 this few days, despite being overbought? Tell us your thoughts in the comments.

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