Price Analysis

Market Moves Bullish With VET 14%, EOS 14%, ALGO 9% Gains

Top gainers today across all crypto markets remain apparent in terms of earning potential and market stability. While Bitcoin endures the humiliation of suddenly coming to be the second most valuable crypto, Ethereum is busy testing the $400 price level again.

Defi tokens are taking a break amongst other crypto top gainers. These are altogether restoring the markets to sweet blues as the bulls try a takeover. Among this list of top gainers, VET takes charge with around 14% as EOS and ALGO share gains along.

#1. VeChain (VET 14.55% Gain):

vechain-charts

VET comes next on this list. Emerging on our list for the first time in a few weeks, the top crypto gainer made a moderate 14.55% profit in the past 24 hours.

VET stays bullish with a 75% market positive reaction. Nonetheless, there is little possibility of a bearish trend in the short term.

In the one-year timeframe, VET gained around 226% but lost 28.4% in the last 30 days.

VET is presently trading at $0.0134 amid a market capitalization of $1.1 billion.

Technical Points

  • Next Key resistance level at $0.015
  • Next Key Support level at $0.013
  • RSI fibs at 80.0 oversold condition

#2. EOS (EOS 14.45%):

eos-charts

EOS comes second on the list of top gainers today. The top cryptocurrency has gained around 15% since yesterday and further upside seems possible.

EOS maintains a good market sentiment with about 85% of traders voting for a bull market in the short-term.

EOS records losses in all timeframes except the 60-day and daily timeframes where it has gained 14.3% and 14.45% respectively.

EOS is currently trading at $2.99 as its market capitalization soars to $2.9 billion.

Technical Points

  • Next level of key support lies at $2.90
  • Next level of major resistance at $3.0
  • The trend is currently bullish and may remain for a while. 

#3. Algorand (ALGO 9.56% Loss):

Algorand charts

ALGO comes second on our preference market watch list today having made gains equal to around 10%.

The coin maintains a small market favor among traders who realize ALGO may finally jump and recoil some gains. It’s rise to fall possibility ratio is around 8:2

ALGO is slowly swinging into a rosy year. In the one year timeline, the coin is up by almost 7.2%. Although bearish in the past 7 days, ALGO enjoyed a 11.3% rise in the last month.

Currently trading at $0.37, ALGO’s market is altogether capped at $299 million amid exchange volumes around $177 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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