AVAX, NEAR and WAVES were undoubtedly some of the biggest gainers on Tuesday, as the crypto markets were up over 14% as of writing. LUNA was also higher, and climbed up 22% in today’s market session.
Wave’s
WAVES was easily the biggest gainer during Tuesday’s trading session, as it rose as much as 46% on the day.
In today’s rally in WAVES/USD, prices climbed to their highest level since December 17, reaching a long-term resistance point of $19.60 in the process.
This bounce comes with the breaking of the $12.60 high during yesterday’s session, with gains extended during today.
At the time of writing this, WAVES hit an intraday high of $19.67, which comes less than 24 hours after trading as low as $12.63.
Looking at the chart, you can see that profit takers immediately started closing their positions once the waves hit resistance.
Price strength has also climbed higher on record, with the 14-day RSI currently tracking above 75.
Near Protocol (Near)
Although AVAX was up 20% on Tuesday, the cryptocurrency lost its gains as the bullish pressure eased slightly.
However, NEAR, which was trading above 20% earlier today, continued to do so at the time of writing this, as Tuesday’s session matured.
At the time of writing, NEAR/USD rose to a high of $11.53 today, following an intraday low of $9.10 for the start of the week.
This bullish pressure has seen NEAR rise for two consecutive sessions, breaking away from its support point at $8.11.
Last week saw prices trade at their lowest level since December 5, however, after a break from the 50 level on the 14-day RSI, the bulls have bounced back.
WAVES now looks like it is heading towards the $12 resistance level, if it hits it, bears, or profit takers may see this as an opportune time for liquidation.
Is WAVES a Potential Top 30 Cryptocurrency? Let us know your thoughts in the comments.
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