Solana prolonged latest positive aspects, because it continued to cement its place because the world’s sixth-largest cryptocurrency. ZIL additionally rose on Thursday, following yesterday’s 50% improve in its worth. All of this got here as WAVES jumped by as a lot as 15% in the course of the session.
Zilliqa (ZIL)
Though solana (SOL) was increased for a 3rd straight session, hitting a multi-month excessive within the course of, it was zilliqa (ZIL) which was as soon as once more the day’s largest gainer.
Right this moment’s surge noticed ZIL/USD climb to an intraday excessive of $0.218 throughout Thursday’s session, which is its highest level since final Might.
Following the breakout of the $0.1090 resistance, ZIL has rallied to succeed in a streak of upper highs all through the course of the week.
Value energy continues to be overbought because of these positive aspects, with the 14-day RSI now monitoring at 91.51.
That is the very best level this indicator has hit on report, which reveals that there may solely realistically be one path long-term from this level.
As seen from immediately’s candlestick, the wick fell from its earlier highs and now trades at $0.1844, which is probably going a results of profit-taking.
WAVES
The worth of waves (WAVES) rose for a fourth consecutive session on Thursday, hitting a brand new all-time excessive within the course of.
Following yesterday’s excessive of $60.03, WAVES/USD climbed to an intraday excessive of $62.36 throughout immediately’s buying and selling session.
This transfer got here following earlier lows of $49.68, with WAVES costs buying and selling almost 13% increased than this, as of writing.
Along with the present all-time excessive, the 14-day RSI can also be monitoring at a peak of 92.28, which is firmly above the overbought zone.
Because of this, and much like ZIL, this may seemingly spur curiosity from bears, who consider a reversal in momentum is imminent.
The crossover of the transferring common additionally appears to have matured, and a change in path may come as soon as a resistance in value is discovered.
Have we already hit a resistance stage in WAVES? Tell us your ideas within the feedback.
Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a suggestion to purchase or promote, or a advice or endorsement of any merchandise, companies, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any injury or loss brought about or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.
Source: Bitcoin News
Discussion about this post