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.
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.
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.
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Source: Bitcoin News