Stellar (XLM)
XLM saw a significant rise of 7% in today’s session, bouncing back from a low of $0.1147 on Sunday. The cryptocurrency reached an intraday peak of $0.126 earlier in the day, marking its second consecutive day of climbing higher.
- XLM surged by 7% in today’s session.
- The cryptocurrency rebounded from a floor at $0.110.
- The relative strength index (RSI) reached a ceiling of 49.00.
- XLM bulls have set their sights on the $0.135 level.
Toncoin (TON)
Toncoin (TON) also experienced a rise, hitting a multi-month high. The token reached $1.93 on Labor Day, following a low of $1.85 on Sunday. This marks the strongest point for Toncoin since May 8, when it reached a high of $2.08.
- Toncoin reached a multi-month high of $1.93.
- The RSI on TON remains overbought at over 70.00.
- Bulls continue to drive the token higher, with a target of $2.00.
Hot Take
Both Stellar (XLM) and Toncoin (TON) have seen positive price movements, with XLM rising by 7% and TON hitting a multi-month high. While XLM faces resistance around the 49.00 RSI mark, bulls remain optimistic and aim for the $0.135 level. TON’s overbought RSI hasn’t deterred bulls, who are targeting the $2.00 level. Overall, these cryptocurrencies have displayed strong performance in recent sessions.
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