THELOGICALINDIAN - AVAX climbed into the cryptocurrency top ten on Wednesday afterward a threeday acceptable band Todays move comes as THETA and NEO were additionally college admitting the accepted bazaar ambiguity
Biggest gainers
Although the majority of the crypto top 100 was beneath a red wave, there were a few exceptions, which managed to cream aloft this.
These accommodate NEO, and THETA which were up amid 4-8% respectively, however, today’s best absorbing balderdash was AVAX.
The amount of avalanche (AVAX) rallied for a third after session, with today’s billow demography AVAX into the top ten crypto’s by bazaar capitalization.
AVAX/USD rose to its accomplished akin back January 12, hitting an intraday aiguille of $97.05 in the process.
Although, as prices hit the contempo attrition of $97.10, profit-takers began to cash their positions, which led to barrage falling from its high.
The profit-taking came as amount backbone begin some resistance, with the 14-day RSI hitting its beam of 62, an breadth which has apoplectic bullish drive in the past.
AVAX has mainly trended upwards in the aftermost three weeks, and should this RSI akin be broken, prices will acceptable billow accomplished the $100 mark.
Biggest losers
Despite cryptocurrency markets actuality bottomward 0.77% as of writing, there was no absolute buck of the day, as drops in amount were marginal.
Some notable mentions about accept been zcash (ZEC), and CELO which both fell by as abundant as 4% on the day.
However, Wednesday’s better loser, almost speaking, was polkadot (DOT), which as of autograph was trading over 2% lower on the day.
Polkadot (DOT), which currently occupies the #12 atom in the crypto top 100, was already a able adversary to not alone access the top ten, but additionally be accustomed aural the list.
The amount of DOT, which hit a aerial of $20.27 yesterday, fell to an intraday low of $19.12 on Wednesday, as markets assume to be branch for abutment at $18.20.
In accession to this, amount backbone on the 14-day RSI currently advance at 43, and looks to be branch for its attic at 38.
Should this happen, how low do you apprehend DOT to go? What do you anticipate about barrage trending higher? Let us apperceive your thoughts in the comments.
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