BAND Moves To $16 With A 36% Gain As AMPL, RUNE Fuels Voyage

Written by: Dare Shonubi

Written by right arrow

Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

  • author twitter
  • linkedin

Aug 10, 2020

Article Highlights
  • BAND continues weekly gains totally at 290%

  • AMPL accrues 78% weekly gains, dives towards $1.

  • RUNE wakes from slumber, takes a 23% jab!

After Bitcoin, are many more ruthless crypto gladiators. These aggressive gainers, presently led into triumph by BAND are altogether keeping the space lit with impressive price increase.

For instance, BAND continues its one week long gaining spree with another 35% gain recorded within the last 24 hours. This brings the top gainer to a total of 290% within the week.

AMPL and RUNE follow this impressive record by gaining some points up the charts earlier today. RUNE although seems to have nurtured its ongoing bull markets but AMPL records new gains.

#1. Band Protocol (BAND 36.7% Gain):

BAND is the most impressive gainer today. With additional 37% today, the coin moves gains to around 300% for the previous week.

band protocol chart

With 92% market optimism, BAND brings wide bullish signals and may ascend as a result.

BAND has ground the central resistance at the $15 level and has set additional support at $15.5. In the circumstance that a price dip occurs, the next level of minor support lies at $15.35. Although an upside activity is most inclined from here, extra resistance lies up the chart at $16.0 area.

Technical Indicators

  • Next major resistance at $16.0
  • Next major support level at $15.35
  • Resistance Strength Index returned form the 80.0 overbought condition
  • Bullish ride trends on top of Bollinger indicator.

BAND is now trading at $15.85 and its markets are valued at $315 million. 

#2. Ampleforth (AMPL 34.4% Gain):

AMPL receives the next spot amidst this wave of governing gainers with an 34.4%.

ampleforth chart

AMPL earnings come amid several days of impressive gains activity which in turn, is launching a bull market within the last 5 days.

AMPL is immediately trading at $0.743 with a market capitalization of $242 million. The coin’s exchange volume in the last 24 hours is approximately $37 million.

Technical Points

AMPL halted the resistance level at $0.722 to exceed the level. Finally, the coin rose all the way to $0.75 with a 34% profit.

Further from this level, the additional level of key resistance lies at $0.80 where prices have assessed and declined in the past.

  • Next major resistance $0.8
  • Next major support at $0.722
  • RSI approaching overbought condition at 70.0

#3. ThorChain (RUNE 23% Gain):

Rune earns the top position with a considerable 23% gain within the last day. This percentage gain adds to a list of accumulating profits the coin has made within the week.

thorchain chart

The prime gainer has a very bullish market opinion as nearly 80% of traders are going long on RUNE.

In the one year timeline, RUNE earned $5,041% and has also gained through other timeframes. In the last week, the coin listed 72% gain and counting till date.

RUNE/USD occurs to have begun a slight price retracement. In the short bearish motion, prices may likely fall to $0.8 where the major support level exists. Beneath the point, strong support exists at the $0.76 area.

Technical Indicators

  • Next level of major support at $0.8
  • Next resistance level at $0.9
  • RSI has penetrated the overbought condition at 80.0

RUNE is presently changing hands at $0.82 as its market capitalization hovers around $148 million.

Show More

Was this writing helpful?

dislikeimage No myImage Yes

Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

Related Articles

Back to top button