Toncoin was a big mover on Thursday, as the token rose by nearly 4%, closing in on the $1.90 level in the process. The rally came despite crypto price consolidation, with the global market cap largely unchanged as of writing. Stellar also surged, remaining near a recent two-week high.
Toncoin (TON)
Toncoin (TON) was one of Thursday’s notable gainers, as price rallied by as much as 4% in today’s session.
Following a low of $1.75 on Wednesday, TON/USD rose to a peak of $1.88, earlier in today’s session.
The move comes days after the token reached a high of $2.05, which was the highest point it has hit since May.
TON/USD – Daily Chart
Looking at the chart, the rise in price comes as the relative strength index (RSI) jumped at a floor of 60.00.
At the time of writing, the index is tracking at 63.35, with the next point of resistance around 66.00.
In the event it moves beyond this level, there is a good chance that price will move back towards $2.00.
Stellar (XLM)
Stellar (XLM) also hovered in the green, as the price remained near a resistance level of $0.1300.
XLM/USD rose to a peak of $0.1243 earlier in the day, which comes following a low of $0.1178 the day prior.
The move comes as the 10-day (red) moving average approaches an upwards crossover with its 25-day (blue) counterpart.
XLM/USD – Daily Chart
In addition to this, the RSI is on the cusp of breaking out of a key resistance level of 50.00, which has been held for close to a month.
Bulls will potentially aim to penetrate this point in the coming days, taking price near a ceiling of $0.1400.
