Solana extended its recent gains, as it continues to cement its place as the world’s sixth-largest cryptocurrency. ZIL also rose on Thursday, after a 50% increase in yesterday’s value. It all came as WAVES jumped 15% during the session.
ZILKA (ZIL)
Although Solana (SOL) was higher for the third straight session, hitting a multi-month high in the process, it was Zilica (ZIL) that once again had the biggest gainer of the day.
Today’s surge saw ZIL/USD climb to an intraday high of $0.218 during Thursday’s session, its highest point since last May.
After breaking the resistance level of $0.1090, ZIL has rallied throughout the week to reach a streak of higher highs.
Prices continue to consolidate as a result of these gains, with the 14-day RSI now tracking at 91.51.
This is the highest point that this indicator has hit on record, indicating that there can only be one direction long term from this point.
As can be seen from today’s candlestick, the candle declined from its earlier highs and is now trading at $0.1844 which is probably a result of profiteering.
Wave’s
Waves price (WAVES) rose for the fourth consecutive session on Thursday, reaching a new all-time high in the process.
After yesterday’s high of $60.03, WAVES/USD climbed to an intraday high of $62.36 during today’s trading session.
The move follows an earlier low of $49.68, which saw WAVES price rise nearly 13% above it as of writing.
Besides the current all-time high, the 14-day RSI is also tracking a peak of 92.28, which is above the overbought zone.
As a result, and like ZIL, it will generate interest from bears who believe that a reversal in momentum is imminent.
The crossover of the moving average has also matured, and the price may reverse direction once resistance is found.
Have we already reached the resistance level in WAVES? Let us know your thoughts in the comments.
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