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ETH Crosses $400 As ALGO & Waves Record Massive Gains

Highlights

    Ethereum crossed the $400 mark

    ALGO records highest 24-hour gains

    Waves joins lost of top gainers with 25%

    Bitcoin remains relatively stagnant within the daily timeframe.

The markets seem to have seen major record gains within the last 24 hours. Ethereum crossed the $400 mark and approaching the $450 level. At the same time, other coins like ALGO and Waves took the stage to compete for the most profitable within the last 24 hours.

These impressive gains altogether make the emotion of the market swing positive while many others are also struggling to make decent gains. 

#1. Algorand (ALGO 36.7% Gain):

ALGO takes the first position on our priority market watch list today having made earnings equal to around 36.7%.

The coin conserves a heavy market acceptance among traders who believe ALGO may finally bounce and recoil some more gains. It’s rise to fall chance ratio is around 92%:8%.

ALGO is having both a hard year and hourly record. In the one year graph, the coin lost almost 12%. Although up 113% in the last 2 weeks, ALGO basked a 160% rise in the last month.

Currently changing hands at $0.71, ALGO’s market are entirely capped at $576 million amid exchange volumes around $621 million.

Technical Points

  • Next key resistance level lies at $0.75
  • Next major support level at $0.70
  • RSI is flat at the oversold condition at 20.0

#2. Waves (WAVES 25.4% Up):

Waves have consistently made the headlines recently. The coin gained considerably to secure the top gainer’ s list today. Waves made roughly 25% profit within the last 24 hours.

The market opinion is bullish for Waves. 80% of traders chose for a buy, stipulating additional upward profit potential for this cryptocurrency.

WAVES is in earnings since last year. The coin is up by almost 160% in a year and by 155% within the last 30 days. 95% gain was recorded within the last seven days and roughly 3% in the last hour.

Technical Indicators

  • Next major resistance at $3.50
  • Next major support level at $3.0
  • Resistance Strength Index returned form the 30.0 oversold condition
  • Bullish ride trends on top of Bollinger indicator.

WAVES is trading at $3.34 and its market cap is hovering around $334 million.

#3. Ethereum (ETH 9.36% Gain):

Although Ethereum has been a bit steady in gains interpreting the recent alt season illustration that has grabbed the markets with great excitement, Eth is glimpsed to have been gearing up lately.

Within the last 24 hours, earning roughly 10% against its USD trading pair, the leading cryptocurrency has trembled towards the $430 junction. And further upside seems to be anticipated by traders.

Market assumptions appear incredibly bullish as 96% of market respondents remain to be convinced about Ethereum.

As of present, Ethereum is trading at $421 per unit of the coin with a market cap of $47.5 billion. Exchange volume has also risen within the same timeframe, this is valued around $13 billion.

Technical Points

  • Next Key Resistance at $430
  • Next Major Support at $420
  • Resistance Strength Index is approaching the 50.0 level.
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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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