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Top Market Gainers Of Sept. 12th: YFI 14%, UMA 12%, BNB 11.6%

Ethereum and Bitcoin are still struggling to make any significant progress. In the meanwhile, other altcoins are making a bit of a wave in the space.  Etherereum (ETH) which retains the recognition of the top smart contract cryptocurrency has successfully broken the price opposition at $350. As of now, ETH is changing hands at $370 while further upside seems to be very much likely.

Today, Defi coins excelled gallantly. As our top gainers’ list features newcomers like YFI and UMA, we also noticed great traction coming from relatively more controversial cryptos like BNB.

#1. Yearn.finance (YFI tokens 14% Gain):

YFI trading view

YFI had a neat market grasp within the last 24 hours.

In the 24-hour timeframe, the coin attained around 14% to maintain a week-long market gain which accumulated to around 35.8%.

At the time of writing this piece, YFI Price is trading at $38,000 while pacing ahead of the $40,000 mark. This is about a 100% change in the biweekly time frame.

The coin survived the $32000 resistance level and went past the next resistance at $35,000. Before midday, YFI tested the price level at $39,000 but failed to break the level properly. It later fell below to build key support at $38,000

Within the last 30 days, YFI accrued around 555% to report a substantial profit amid the top gainer’s cryptocurrencies of the ongoing bull season.

  • Next level of major resistance at $40,000
  • Next level of major support at $35,000
  • RSI has leveled out at the 90.0 level and seems to need a slight retracement.

Also Read : Yearn Finance to Break Into a Bull Rally! YFI Price May Hit $100k

#2. UMA (UMA 12% Gain):

UMA price chart

UMA survived to rise up the charts and ranks over the past many weeks. Now conveniently riding above the $17.5 price level, the crypto is now rated 22nd by market capitalization according to Coingecko.

UMA maintains about 85% market optimism as its market cap senses $1.2 billion. In the meanwhile, the coin increased almost 12% in 24 hours as its exchange volume strides towards $25 million approximately.

Technical Points

  • Price breaks key resistance at $17.0
  • The next key resistance lies at $20
  • Next level of support seems minor at $17.5

#3. Binance Coin (BNB 11.69% Gain):

BNB chart

coming third on this list, BNB joins the calibre of top gainers with roughly 12% gain within the last 24 hours.

BNB has a quite impressive market sentiment. Many market observers believe in the short term possibility of a bullish run. With around 89% market optimism, BNB radiates confidence and long term potential.

Technical Points

  • A major support is building at the $25.0 level
  • Next level of key resistance lies at $30.0
  • RSI swings into a horizontal pattern at the 50.0 level.

As of present, BNB is changing hands at $27.65 amid a market cap of around $4 billion.

Also read : Crash or Rise – Binance Coin Price Prediction 2020

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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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