TRX Moves Towards 7-Month High as KSM Extends Gains

TRON surpassed a seven-month peak on Wednesday as prices rose for the third consecutive session. KSM gained by double digits today as well, while TRON climbed to a seven-month high on Wednesday.


TRX moved towards a seven month high today, with prices climbing by nearly 15% on Wednesday.

TRX/USD traded at an intraday low of $0.08039 on Tuesday, but rose to an intraday high of $0.09094 today.

TRX broke through its long-term resistance of $0.08890 in this move, the first since May.

TRX/USD Daily Chart

After a consolidation round, prices have risen for three consecutive days. Today’s price surge has pushed prices to a multiweek high.

Wednesday’s record was just 0.09250. This was reached on May 8th, and is the highest level TRX had been at since December 9.

The gains made in the past have been somewhat diminished as of writing. This comes as the 14-day RSI reached a ceiling at 64.35.

Kusama (KSM)

KSM prices also rose by double-digits Wednesday as they reached their highest level in seven days.

KSM/USD traded at $86.37 today, its highest intraday trading level since May 23rd.

After a failed breakout attempt at $70.42, prices surged for the fifth session.

Biggest Movers: TRX Moves Towards 7-Month High as KSM Extends Recent Gains
KSM/USD – Daily Chart

Looking at the chart, today’s gains have since eased, and this comes as bulls fled KSM while it approached its resistance point of $87.

The Relative Strength Index has also hit a ceiling of its own at 44.55, with this likely the signal to bears to exit, pending further confirmation.

Should this ceiling eventually be cleared, then we will likely see bulls attempt to take KSM towards the $100 mark.