ZIL Rejects Price Plunge, Makes 8% Gains. FXC and RUNE Follow The Trend


    ZIL gains 8% in 24 hours to resume weekly gains

    Flexacoin pursue the $0.007 level again

    RUNE joins list of top gainers early on into the week.

Zilliqa is featured once again today as the cryptocurrency accrues an indelible profit compared to its contemporaries. Also, FXC and RUNE run for the runner-up position amid other struggling crypto markets gainers of 17th August, 2020.

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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. Zilliqa (ZIL 8% Gain):

Zilliqa earns the first spot among this wave of leading gainers with an 12.84% gain.

Zilliqa’s [ZIL] earnings come amid many weeks of lateral activity which in turn, is launching a bull market within the last 3 days.

ZIL is presently trading at $0.027 with a market capitalization of roughly $280 million. The coin’s exchange volume in the last 24 hours is around $84 million.

Technical Points

ZIL halted the resistance level at $0.027 but soon fell below the level. Finally, the coin fell all the way back to $0.023 with a 7.9% profit.

Beyond this level, the following level of key resistance lies at $0.027 where prices have assessed and declined in the past.

  • Next major resistance $0.027
  • Next major support at $0.025
  • RSI at oversold condition at 25.0

#2.  Flexacoin (FXC 8% Gain):

FXC rates second on this record with a 24-hour percentage gain also around 8%. Many traders realize that this is the onset of a price rally for FXC as 100% of respondents are bullish on Flexacoin.

The coin is up by around 88% since last year and by 23.7% within the last two weeks. Nonetheless, the coin scores 71.2% gain within the last month but gained 0.1% within the last hour.

FXC is now trading at $0.00578 amid 24-hour trading volume that averages $287,000. The coin’s market capitalization is hovering around $150 million.

Technical Indicators

  • FXC penetrates the resistance at $0.0055
  • The next level of major support lies at $0.005
  • RSI is approaching the overbought condition and may cause a plunge soon

#3. ThorChain (RUNE 4.5% Gain):

Rune earns a top position with a 4.5% gain within the last day. This percentage gain adds to a list of accumulating profits the coin has made within the week.

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 $5,339% and has also gained through other timeframes. In the last week, the coin listed 25.2% 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 $0.92 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 presently changing hands at $0.964 as its market capitalization hovers around $179 million.

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Dare Shonubi

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

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