Mobile Prices / Blog / Cryptocurrency / Biggest Movers: GRT up 15%, While ZEC Rallies Following Recent Losses

Biggest Movers: GRT up 15%, While ZEC Rallies Following Recent Losses

Cryptocurrency

By Yes Mobile

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Biggest Movers: GRT up 15%, While ZEC Rallies Following Recent Losses

Biggest Movers: GRT up 15%, While ZEC Rallies Following Recent Losses

As crypto markets moved into the inexperienced on Tuesday, GRT was one of many greatest gainers, as costs rebounded following current declines. ZEC was additionally larger on the day, climbing by as a lot as 5%, whereas DOGE prolonged Monday’s positive factors.

The Graph (GRT)

GRT was simply one of many greatest gainers in crypto markets on Tuesday, because it continued to maneuver away from its current assist degree.

Following a low of $0.3393 to start out the week, GRT/USD rallied to a peak of $0.4024 earlier in at present’s session.

The surge noticed GRT bounce from its flooring of $0.3550, following a false breakout on Monday, which took the worth to a six-week low.

GRT/USD – Every day Chart

Transferring away from this low, GRT is now hovering marginally below its long-term resistance degree of $0.4020, after its earlier breakout try.

This comes as merchants will probably have closed out positions close to the worth ceiling, in order to safe a few of this session’s positive factors.

Trying on the chart, GRT is now buying and selling at a sixteen-day excessive, with the 14-day RSI additionally monitoring at a resistance of 50.80.

Ought to relative energy transfer previous this level, we may see GRT/USD doubtlessly heading in direction of $0.5000.

Zcash (ZEC)

ZEC was larger for almost all of at present’s session, as costs rallied again in direction of the long-term resistance degree.

On Tuesday, ZEC/USD rose to an intraday excessive of $170.06, which was lower than 24-hours faraway from its buying and selling at $151.70.

Right now’s transfer noticed costs come near the resistance of $170.30, nonetheless, offered off as bears re-entered the market at this ceiling.

ZEC/USD – Every day Chart

Traditionally, this level has usually seen excessive ranges of bearish exercise, and this exhibits in the purple candlestick which fashioned, following on from the sooner excessive.

Price energy has additionally fallen, with the RSI falling again into oversold territory, and is at the moment monitoring at 47, after buying and selling above 54 solely two days in the past.

Now merchants wait to see if all of at present’s positive factors will probably be misplaced, or if costs may stabilize at $153.00, which seems to be a flooring.

Would possibly we see a decrease flooring of $138.00 ought to bearish momentum proceed? Tell us your ideas in the feedback.

Eliman Dambell

Eliman brings a diversified viewpoint to market evaluation, having labored as a brokerage director, retail buying and selling educator, and market commentator in Crypto, Shares and FX.

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