THELOGICALINDIAN - Solana reclaimed the eighth position in the crypto top ten as ADA and DOT were both over 10 college to alpha the anniversary Despite this it was EOS and FIL which led todays gainer with FIL accepting over 30 in the session
Filecoin (FIL)
FIL rallied by as abundant as 30% to alpha the week, as cryptocurrencies rose beyond the lath during Monday’s session.
The all-around crypto bazaar cap was 6.5% college on Monday, led by assets in FIL, which rose to an intraday aerial of $25.62.
Today’s aiguille follows yesterday’s lows which saw FIL trading beneath the $20 level, afterward contempo rallies from abutment of $17.50.
From this support, FIL/USD connected to move above the attrition akin of $23.30, with today’s aerial hitting its accomplished point back February 8.
Looking at the chart, prices are currently overbought, as the 14-day RSI indicator is tracking at 75.10.
This is the accomplished account back September 6, and as such bears may be attractive for an appropriate time to advance prices lower.
EOS
Although ADA, DOT, and SOL were all about 9% college as of autograph this, none rose as abundant as EOS on Monday.
Following a low of $2.56 to activate the session, EOS/USD climbed to a aiguille of $3.17, breaking out of its abiding attrition in the process.
Monday’s move saw the world’s 49th better cryptocurrency billow accomplished its beam of $2.77, on its way to its accomplished point back January 5.
Today’s three-month aerial came as readings on the RSI indicator were off the charts, as amount backbone additionally rose to multi-month highs.
As of autograph this, the 14-day Relative Strength Index has a account of 77.91, which is its best back August 15.
Similar to FIL, EOS beasts now acquire a conundrum, abutting positions and acquire accepted gains, or go through the bazaar ambiguity that is advancing due to prices actuality overbought.
Is there added upside drive in EOS admitting accepted highs? Let us apperceive your thoughts in the comments.
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