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Top 3 Market Gainers Of 8th August: BAND, ZIL, The Third One Will Shock You

Highlights

    BAND leads top gainers after earning around 22% since yesterday

    ZIL continues 3-day gains, earns 13% profit

    RUNE faces major resistance as price gain towards $0.65

The crypto market has recorded many gains throughout the week. Coins like BAND gained more popularity with a coinbase exchange listing after gaining consistently throughout the week. Chainlink made massive gains as well while Bitcoin struggles around the $11,800 level. 

Today’s top gainers list features some of the usual gainers of the week as many others fight for specific positions. At the top is BAND which makes the list for the third time this week. It is followed by ZIL and RUNE, all of which are the usual names we have previously seen.

#1. Band Protocol (BAND 21.58% Gain):

The top gainer today is BAND, has increased by approximately 22% in the 24 hours time frame.

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

BAND, being less than a year old, has progressed impressively in all continuing time frames. Within last month, the coin is up 464% and roughly 126% in the last week.

BAND has crushed the main resistance at the $8.0 level and has set additional support at $9.0. In the event that a price dip occurs, the next level of minor support lies at $9.0. Although an upside movement is most likely from here, additional resistance lies up the chart at $9.2 area.

Technical Indicators

  • Next major resistance at $9.2
  • Next major support level at $9.0
  • Resistance Strength Index returned form the 70.0 overbought condition

Bullish ride trends on top of Bollinger indicator.

BAND is now trading at $9.1 and its markets are valued at $195 million. 

#2. Zilliqa (ZIL 13% Gain):

Zilliqa earns the next spot among this wave of leading gainers with an 12.84%.

Zilliqa [ZIL] earnings come amid many weeks of sideways activity which in turn, is initiating a bull market within the last 3 days.

ZIL is presently trading at $0.023 with a market capitalization of $259 million. The coin’s exchange volume in the last 24 hours is around $126 million.

Technical Points

ZIL halted the resistance level at $0.022 to exceed the level. Eventually, the coin rose all the way to $0.023 with a 12.85% profit.

Beyond this level, the following level of key resistance lies at $0.0235 where prices have assessed and declined in the past.

  • Next major resistance $0.0235
  • Next major support at $0.022
  • RSI at oversold condition at 25.0

#3. ThorChain (RUNE 6.13% Gain):

Rune makes the top position with a remarkable 6.13% gain within the last day. This percentage gain adds to a list of growing profits the coin has made within the week.

The top gainer has an overly bullish market sentiment as almost 100% of traders are going long on RUNE.

In the one year timeline, RUNE earned 3,691% and has also gained through other timeframes. In the last week, the coin recorded 30% gain and counting till date.

RUNE/USD appears to have begun a slight price retracement. In the brief bearish move, prices may likely fall to $0.62 where the major support level exists. Below the level, strong support exists at the $0.60 area.

Technical Indicators

  • Next level of major support at $0.60
  • Next resistance level at $0.64
  • RSI has penetrated the overbought condition at 80.0

RUNE is presently changing hands at $0.61 as its market capitalization hovers around $113 million.

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Dare Shonubi

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

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