Technical Analysis: IOTX Captures the Biggest Gains, as Crypto Markets Fall on Friday
market updates

Technical Analysis: IOTX Captures the Biggest Gains, as Crypto Markets Fall on Friday

THELOGICALINDIAN - IOTX was Fridays big gainer as crypto markets were lower beyond the lath to end the anniversary Overall the all-around cryptocurrency bazaar cap is bottomward abutting to 4 in todays affair

Biggest gainers

Following a able alpha to the week, which saw the brand of shiba inu (SHIB), and leo badge (LEO) both assemblage by over 50%, cryptocurrency prices fell as we headed into the weekend.

Although the majority of the top 100 markets were in the red, there were a few notable exceptions to this.

IOTX/USD, which was trading at a low of $0.1029 on Thursday, climbed to an intraday aerial of $0.1205 beforehand today.

Today’s move came afterwards two after sessions of declines, which took prices to abutment of $0.1234, area beasts seemed to accept bought the dip.

As a aftereffect of the assemblage from support, the 10-day (red) 25-day (blue) affective averages continued their contempo advancement cross, which was the aboriginal time such a crossover happened back aboriginal November.

Price backbone additionally fell from its accomplished point back November this week, and now advance at 57.7, afterwards advancement the attic of 54. .

IOTX beasts will acceptable abide hopeful that prices will move accomplished its contempo attrition of $0.1747 in accessible sessions.

Biggest losers

There were abounding bears in today’s session, about the standout was Kadena, which is bottomward about 10% as of writing.

KDA fell to an intraday low of $8.22 on Friday, afterwards trading at a aerial of $9.25 beneath than 24-hours ago.

Friday’s advertise off sees KDA/USD abatement for a additional afterwards session, afterwards declining to breach out of its attrition at $10.43.

Today’s move has pushed prices to an acting attic of $7.98, which abounding see as a stop-gap as it active to its absolute abutment of $5.13.

Despite the accepted bearish affect surrounding KDA, affective averages, in accurate the 10-day (red) attending as if it may still be blame upward.

Could we see this bullish drive acknowledgment during the weekend? Let us apperceive your thoughts in the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons