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WAVES, GMT, and EOS Among Big Gainers on Easter Weekend – Market Updates Bitcoin News


Following current declines in worth, WAVES climbed increased to begin the weekend, as crypto markets moved marginally increased. A number of the greatest contributors to the beneficial properties have been EOS and GMT, which each rose by over 6%.

EOS rose for a second consecutive session to begin the weekend, as costs raced to their highest stage in over ten days.

After buying and selling at a low of $2.34 on Friday, EOS/USD raced to an intraday peak of $2.52 throughout Saturday’s session.

That is probably the most EOS has hit since April 7, and comes after costs moved away from the long-term assist stage to begin the week.

Biggest Movers: WAVES, GMT, and EOS Among Big Gainers on Easter Weekend
EOS/USD – Day by day Chart

As seen from the chart, this flooring was on the $2.20 level, which costs hit following two weeks of declines, which commenced at a prime of $3.17.

Since this drop, which additionally noticed the 14-day RSI hit a multi-month low of 36.34, worth power has climbed, and now hovers under a ceiling of 52.

Ought to this resistance level be damaged, we may see bulls look to push worth in the direction of the $2.65 stage.

WAVES

WAVES was additionally up on Saturday, as merchants seem to have lastly discovered a flooring, following a current bearish run.

Much like EOS, costs of WAVES have been battling a crimson wave since March 29, which is when the current bear run in crypto markets started.

This run has seen WAVES drop to a backside of $20 on Thursday, which is its lowest level in over 5 weeks, and an space the place bulls sometimes re-enter.

Biggest Movers: WAVES, GMT, and EOS Among Big Gainers on Easter Weekend
WAVES/USD – Day by day Chart

As of writing, WAVE/USD has risen to a excessive of $22.89 in in the present day’s session, after starting the day monitoring nearer to the $20.57 stage.

Trying on the chart, the 14-day RSI has proven us that worth power has been consolidating for the previous few days, because it sits on the flooring of 35.70.

That is the bottom stage the RSI has tracked at since February, and with costs being undoubtedly oversold, bulls might have a look at this as a chance to purchase current dips.

Is the present $20 stage in WAVES the true worth flooring, or may we see this assist damaged? Tell us your ideas within the feedback.

eliman@bitcoin.com'
Eliman Dambell

Eliman brings a diversified standpoint 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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