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YFI Keeps Up Great Momentum At 18% Daily Gain As RUNE, MIOTA Make Good Profits

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Highlights

    YFI continues to push towards $15,000

    RUNE joins top gainers for the first time this week

    MIOTA moves again, aims $0.5

The crypto markets are stabilizing a lot ahead of the weekend. Apart from YFI and limited other Defi tokens that are however pushing on hard, many others appear to have taken a pause out of the continuous bull run.

Although analysis makes further profits in many altcoins, bitcoin seems to be maintaining up the pace in its quest for the $12,000.

In today’s list of top gainers, the usual players are seen making decent gains into higher highs. Meanwhile, relatively less popular tokens are also struggling to draw some attention.

#1. Yearn.finance (YFI tokens 17.7% Gain):

YFI had a neat market grasp within the last 24 hours. In the timeframe described, the coin earned around 17.7% to maintain a week-long market gain which accumulated to around 121.8%.

 Yearn.finance (YFI tokens 17.7% Gain)

At the time of writing this piece, YFI is trading at $14,800 while pacing ahead the $15,000 mark. This is about a 195% change in the biweekly time frame.

The coin overcame the $14,000 resistance level and went past the next opposition at $14,500. Before midday, FYI tested the price level at $15,000 but failed to break the level properly. It later fell below to build key support at $14,800.

Within the last 30 days, FYI gained around 1,000% to register a substantial profit amid the top gainer’s cryptocurrencies of the ongoing bull season.

  • Next level of major resistance at $15,000
  • Next level of major support at $14,500
  • 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. ThorChain (RUNE 16.18% Gain):

Rune earns a top position with around 17% gain within the last day. This percentage gain adds to a list of accumulating profits the coin has made within the week.

ThorChain chart

The top gainer has a very bullish market opinion as nearly 80% of traders are going long on RUNE.

In the one year timeline, RUNE earned $4,319% and has also gained through other timeframes. In the last week, the coin listed 48% gain and counting till date.

RUNE/USD occurs to have begun a slight price retreat. In the short bearish action, prices may likely fall to $0.90 where the major support level exists. Beneath the point, strong support exists at the $0.90 area.

Technical Indicators

  • Next level of major support at $0.9
  • Next resistance level at $0.98
  • RSI has penetrated the overbought condition at 80.0

RUNE is directly changing hands at $0.90 as its market capitalization rides around $179 million.

#3. IOTA (MIOTA 10.73 Gain):

MIOTA is the last coin in this classification on our top gainer’s roster of the day. The top gainer is up by almost 11% in the last 24 hours. The coin’s market sentiment is almost entirely bullish with 90% positivity.

Iota chart

MIOTA is still up by nearly 71% since last year and up by 1.0% since the last hour. However, the coin improved by 61.6% within the last month and is up by around 14.2% in the last seven days.

MIOTA is currently trading at $0.42 with its 24-hour market cap stable at $1 billion. In addition, the coin’s exchange volumes within the last day are $30 million.

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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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