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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.
#1. Yearn.finance (YFI tokens 11.25% Gain):
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.
- 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 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.
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):
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.
- ZRX overcomes major resistance at $0.48
- Minor support is set at $0.50
- Next key support level is set at $0.40