NewsPrice Analysis

Top Defi Gainers on September 11th: YFI 11%, ZRX 9%, SNX 4%

news-image
Highlights

    General Defi markets are bearish on the 1-day timeframe

    YFI breaks the $30,000 level again and aims for $35,000 shortly

    ZRX makes the top gainers list for the first time in about a month

Defi tokens today are featured on this list of top gainers. Although the general market sentiment is widely bearish, few coins in this category are nurturing a bull trend. As YFI leads the pack with roughly 11%, few others like SNX and ZRX are seen following a full trend. 

It appears that the crypto markets will have to end the week on a bearish note. 

Bitcoin and Ethereum on the other hand, are leading other altcoins into chaos with their most recent instabilities. While BTC fumbles around the $10,000 mark, ETH is doubling up with the $350 area. 

#1. Yearn.finance (YFI tokens 11.25% Gain): 

YFI price today

YFI had a fresh bull run within the last 24 hours. In the same timeframe, the coin earned approximately 11% gain to balance up a week-long market trading which grew to around 12% gain.

At the time of writing this piece, YFI is trading at $33,233 while rising towards the $35,000 mark. This is about a 134.5% gain in the biweekly time frame.

The coin survived the $30,000 resistance level but failed the next resistance at $34,000. Before midday, YFI assessed the price point at $34,000 again but failed to break the level properly. It later fell below to build key support at the $32,000 level.

Technical Points: 

  • Next level of major resistance at $34,000
  • Next level of major support at $30,000
  • RSI has leveled out at the 90.0 level and seems to need a slight retracement.

Also Read : Yearn Finance: A 3 Minutes Guide to YFI Token

#2. Synthetix Network Token (SNX 3.41% Gain):

SNX price Today

SNX grabs second place in this wave of gainers’ list. The coin gains around 4%.

SNX obtained some profit within the week consistently. The coin expanded by 6.2% within the last 7 days. Also, in the one-month timeframe, SNX earned 14.2% and still gained about 1,275% since last year.

Technical Points

Prices jabbed through the $5.4 level and retreated to it soon after. Assembling a string of support at the point, SNX established tough support at the $5.4 level. With the immediate resistance at $$5.2 and the next key resistance lies at $5.8

  • Next key support at $5.2
  • Next key resistance at $5.8
  • RSI broke through the 70.0 level upwards. A little retracement to 50.0 is imminent.

#3. 0x (ZRX 8.4% Gain):

ZRX price today

Coming third on this list today is ZRX. On the daily timeframe, the token is up around 9% and this earns ZRX a spot among today’s top gainers. 

ZRX’s market sentiment is widely bullish. Over 80% of traders vote for an inbound buying pressure. This may launch a bull campaign shortly and lead prices towards higher heights. 

ZRX gained through all time frames except the 14-day where it lost roughly 17%. On the weekly agenda, the coin is up 13% and has also gained 210% in the yearly time frame. 

Technical Points

  • ZRX overcomes major resistance at $0.48
  • Minor support is set at $0.50
  • Next key support level is set at $0.40
Tags
Show More

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.

Related Articles

Back to top button
Close
Close