Toncoin was undoubtedly one of the biggest moves in the top 100, as the token rose by as much as 14% on Saturday. The rise comes as markets continue to react to the news of a recent partnership with Telegram. Shiba inu was also higher, hitting a one-week high.
Toncoin (TON)
Toncoin rose by as much 14% on Saturday, as traders continued to react to the partnership with Telegram.
Following a low of $1.94 on Saturday, TON/USD raced to an intraday high of $2.23 to start the weekend.
This surge in price pushed toncoin to its strongest level since April 27, when the price was trading at a high of $2.37.
Overall, it appeared that the move came as the 14-day relative strength index (RSI) broke out of a ceiling at 71.00.
As of writing, the index is now sitting at 72.68, which is deep in overbought territory, and a potential cause for concern for bulls.
Should TON continue to climb, a ceiling at $2.35 could be a point where bears look to send prices lower.
Shiba Inu (SHIB)
Shiba inu (SHIB) rose t
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