Price Analysis

Top Defi Gainers on September 7th: BAND 21%, LINK 20%, FXC 14%


As Bitcoin struggles to maintain the major support at $10,100, the buyers are showing great resistance to the downward trend pressure. In the meantime, the top cryptocurrency is left with only one choice- to revolve around the minor support at $10,150 while trying to decide further key actions.


Chainlink, together with a few Defi tokens have taken to their survival instincts, nurturing a common uptrend. Gaining significantly within the last 24 hours, Defi tokens share position among the top gainers of today.

And while this good news is still limited to few, many other defi tokens are trying a resurrection. Meanwhile, the gas fees on the Ethereum Network remain high, and the underlying cryptocurrency, ETH is leading a bull campaign amongst other altcoins.

#1. Band Protocol (BAND 21.12% Gain):


BAND is the most remarkable gainer today. With an extra 21.12% today, the coin adjusts losses to around 35% for the last week.

With 50% market positiveness, BAND gives rise to narrow bullish signals and may trade sideways as a result.

BAND has established the central resistance at the $8.5 level and has set extra support at $8.0. In the situation that a price dip occurs, the next level of secondary support fibs at $7.5. Although an upside action is most inclined from here, additional resistance lies up the chart at $9.0 area.

Technical Indicators

  • Next major resistance at $9.0
  • Next major support level at $8.5
  • Resistance Strength Index returned form the 80.0 overbought condition
  • Bullish ride trends midway of Bollinger indicator.

BAND is now trading at $8.87 and its markets are valued at $185 million. 

chainlink charts

Being second on this list, we have Chainlink. This significant cryptocurrency which has already delivered more than a 25% loss within the last week is noting some gains this time.

Abundant traders are bullish on LINK and prices may behave very bullish in the short term.

The coin is up by over 633% in the last year and roughly 30% within the last month. Although it forfeited 0.4% in the last hour, LINK is positive in the daily timeframe.

Technical Indicators

  • Next major resistance at $12.7
  • Next major support level at $12.5
  • Resistance Strength Index entered the 70.0 overbought condition and may drive prices down in a possible correction.

LINK is trading at $12.66 and its market cap is fluctuating around $4.8 billion.

Also Read : Chainlink Price Prediction 2020 – How High Will LINK Reach?

#3. Flexacoin (FXC 14% Gain):


FXC rates third on this record with a 24-hour percentage gain also around 14%. Many traders acknowledge that this is the continuation of a price rally for FXC as over 80% of respondents are bullish on Flexacoin.

The coin is up by around 234% since last year and by 11% within the last two weeks. Nonetheless, the coin scores 109% gain within the last month but gained 0.1% within the last hour.

FXC is now changing hands at $0.00959 amid 24-hour trading volume that averages $1.1 million. 

Technical Indicator

  • FXC penetrates the resistance at $0.01
  • The next level of major support lies at $0.009
  • RSI is approaching the overbought condition and may cause a plunge soon.

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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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