THELOGICALINDIAN - Crypto markets were mainly in the blooming on Saturday with AVAX RUNE and ZEC actuality some of the notable gainers Apecoin traded lower during its third affair falling by as abundant as 13 afterward backtoback gains
Avalanche (AVAX)
LUNA, WAVES, and FTM were all trading over 10% on Saturday, about it was AVAX that was one of the arch gainers to alpha the weekend.
Following a low of $76.74 on Friday, avalanche (AVAX) rallied aloft its $90 attrition akin in today’s session, hitting an intraday aerial of $90.27 in the process.
Today’s move was the accomplished akin AVAX has traded back February 18, as prices began to blooper from highs aloft $98.
Avalanche has now risen for seven after sessions, afterward a backlash from its abutment point of $66.
Looking at the chart, amount backbone is now tracking at 62.5, which is hardly adobe attrition of 61, and its accomplished point back February 16.
Should this drive continue, we could acceptable see beasts accomplish addition run appear the $100 mark.
Zcash (ZEC)
Zcash (ZEC) was trading by over 16% college as of autograph this, as prices rose to their accomplished akin in over three months.
After trading at a low of $148.86 yesterday, today’s aerial of $177.63 saw ZEC/USD breach accomplished its abiding beam of $172.20 in the process.
Saturday’s aiguille is the accomplished point that the amount of ZEC has traded back December 9, and comes as amount backbone appears to be overbought.
As of autograph this, the 14-day RSI is tracking at 66.61, which is hardly beneath attrition at 68.46, a point which has birthed abounding buck runs in the past.
As apparent from the chart, prices accept collapsed from beforehand highs, as bears assume to be abrogation their positions, about we now delay to see if this will last, as bullish burden still remains.
Do you apprehend a changeabout in ZEC now that we are at resistance? Let us apperceive your thoughts in the comments.
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