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Top Crypto Gainers on August 7th: LEND 18.39%, BCH 10.66%, RUNE 11.04%

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Highlights

    Crypto market remains bullish with LEND leading on with 18.39%

    Bitcoin Cash (BCH) joins list of top gainers with 10.66% gains

    RUNE continues 48-hour gains with 11.04%

Bitcoin keeps struggling around the $11,800 level as the top cryptocurrency aims at $12,000 again. This time, the market remains optimistic that BTC will overcome the $12,000 barrier to set a new monthly high in its next bull run. 

In the long run, however, altcoins are making waves in the incredible bull market that took the crypto world by a surprise in recent times. Major players like BCH, LEND, and RUNE take the top spot on today’s list.

#1. Aave (LEND 18.39% Gain):

LEND ended its losses of 2 days with today’s percentages. Dominating our section of top gainers on today’s list, the coin is up almost 19% within the last two days.

Top Crypto Gainers

LEND accomplished lustrously within the last year with a 6,286% profit. The coin made revenue last month with 126.4% and has gained around 50% in the last one week. The cryptocurrency is up by 18% in the last 24 hours.

Currently trading at $0.384, it appears the market sentiment is bullish in the short term. 71% of market respondents are bullish while 29% remain bearish on LEND.

Technical Indicators

LEND/USD looks bullish with prices hovering above the top of the Bollinger Band. There’s a potential price increase above the Bollinger top where prices may head to the $0.40 level.

* Next major resistance lies at $0.4

* Next major support level at $0.35

* RSI penetrated the 70.0 level and further move upwards seems highly possible.

#2. Bitcoin Cash (BCH 10.66% Gain):

Bitcoin Cash comes second on today’s list of gainers with an 10.66% gain.

bitcoin cash

The top cryptocurrency has a relatively reasonable market opinion with around 80% of market respondents keeping up positive about BCH.

Within the last year, the coin is down 11.3% while the one month timer looks bullish at 24.8%. Within the last two weeks, Bitcoin cash gained around 16.5% but has lost 0.7% in the last hour.

BCH is currently changing hands at $269.02 with further upside possible in the short term.

Technical Indicators

Prices are slightly above the top of the Bollinger Band indicator. This indicates a bullish ride further which may escort prices to the $325 level.

The Resistance Strength Index (RSI) is horizontal at the 60.0 level. RSI will approach the overbought condition and may race further up in the short-term

* RSI is approaching 70.0

* BCH/USD currently trades above Bollinger band top which indicates a bullish move further

* Next level of major resistance $325

* Next level of major support at $315

#3. Thorchain (RUNE 11.04% Gain):

Rune makes the top spot with a spectacular 11% gain within the last day.

thorchain rune

The top gainer has a decent market sentiment as almost 100% of traders are going long on RUNE.

In the one year timeline, RUNE gained 4,817% and has gained throughout other timeframes. In the last month, the coin recorded 32.2% gain and counting till date.

RUNE is currently changing hands at $0.61 as its market capitalization hovers around $112 million.

Technical Indicators

RUNE broke the resistance at $0.6 level and set major support at the same time. A new level of resistance was also broken at the 0.62 level but a price rejection occurred almost immediately. The immediate level of support is found at $0.6.

* RSI is returning from the 80.0 oversold condition and may fall all way down towards the midline at 50.0

* Next level of support will be at $0.6

* Additional resistance is found at $0.62

 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Dare Shonubi

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

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