Stellar surged by as much as 7% on Monday, despite sentiment in crypto markets being mostly bearish to start the week. The token rallied for a second straight session, after a recent collision with a key price floor. Toncoin also rose, hitting a fresh multi-month high.
Stellar (XLM)
XLM was one of Monday’s biggest movers, as the cryptocurrency rose by as much as 7% in today’s session.
After trading at a low of $0.1147 on Sunday, XLM/USD moved to an intraday peak of $0.126 earlier in the day.
This surge sees stellar climb higher for a second consecutive day, following a rebound from a floor at $0.110.
Earlier gains have already begun to ease, which comes due to the relative strength index (RSI) colliding with a ceiling of 49.00.
At the time of writing, the index is now tracking at 49.48, with the next point of resistance around 54.00.
Overall, bulls seem to have set their sights on the $0.135 level.
Toncoin (TON)
Toncoin (TON) also moved higher to start the week, with the token hit
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