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MediaTop Small-Cap Altcoins That Recorded Massive Gains; Will Bitcoin & Ethereum Price Follow?
The post Top Small-Cap Altcoins That Recorded Massive Gains; Will Bitcoin & Ethereum Price Follow? appeared first on Coinpedia Fintech News
The crypto markets appear to have risen above the bearish influence to some extent as the star crypto, Bitcoin, along with the major altcoins, have been making a huge move. While the top 10 altcoins have been recording decent gains, three altcoins have surged with flying colours. Among them are Band Protocol (BAND), Stratis (STRAX), & WazirX (WRX), which have surged by more than 35% to 40% in the past 24 hours.
Band Protocol (BAND)
- The Band Protocol price broke above the descending trend within the falling wedge; it traded since the beginning of the year
- With a jump of more than 100% since the last trading day, the token seems to be under extreme bullish control, which is believed to prevail for a long time.
- The DMI is bullish as the ADX has triggered a bullish rebound while the +DI line has risen above the -DI, indicating the rise of a fine upswing
- Although the BAND price faced an interim pullback, a rebound from the lower support at $1.35 could trigger a flip, enabling the price to reach the higher targets mentioned in the above chart.
| Indicator | Short-Term (4 hours) | Long Term(1W) |
| RSI | 85.65 | 55.65 |
| MACD | 0.107 | -0.073 |
| 50-Day Moving Average (MA) | $1.087 | $1.52 |
| 200-Day Moving Average (MA) | $1.08 | $4.496 |
| Resistance | $1.672 | $5.27 |
| Support | $1.127 | – |
Also Read: Why Loom Network (LOOM) Price is Up by 250%-Will It Hit $1 in October 2023?
Stratis (STRAX)
- The STRAX price has been trading under extreme bearish conditions for over a year, ever since it failed to rise above the crucial resistance zone
- Ever since the beginning of the year, the price has failed to rise above $0.844 until the latest upswing
- The price faced rejection from the resistance zone just below $1.3, while the trend continued to remain elevated
- As the RSI has reached overbought levels, a minor pullback may drag the price slightly below $1, followed by a bullish rebound back above those levels
| Indicator | Short-Term (4 hours) | Long Term(1W) |
| RSI | 84.86 | 85.17 |
| MACD | 0.089 | 0.079 |
| 50-Day Moving Average (MA) | $0.744 | $0.516 |
| 200-Day Moving Average (MA) | $0.541 | – |
| Resistance | $1.206 | $1.259 |
| Support | $0.686 | – |
Also Read: Bitcoin Surges Above $27,000-Here What It Indicates About the Next Impending Trend!
WazirX (WRX)
- The WazirX token has witnessed a massive fall after a minor upswing in the first few days of the year. However, the recent upswing appears to have broken the barrier
- The price soared above the pivotal resistance zone between $0.1166 and $0.1192 and reached interim highs above $1.368
- Although the price faced an interim pullback, a flip appears to be imminent as it is defending the resistance-turned-to-support zone firmly
- Moreover, the super trend is closer to triggering bullish signals with a huge influx of buying volume, indicating the upswing will prevail for a long time.
| Indicator | Short-Term (4 hours) | Long Term(1W) |
| RSI | 59.80 | 49.59 |
| MACD | 0.0102 | -0.0102 |
| 50-Day Moving Average (MA) | $0.0961 | $0.13 |
| 200-Day Moving Average (MA) | $0.0948 | – |
| Resistance | $0.1744 | $0.8783 |
| Support | $0.0981 | — |
Read More
Top Small-Cap Altcoins That Recorded Massive Gains; Will Bitcoin & Ethereum Price Follow?
The post Top Small-Cap Altcoins That Recorded Massive Gains; Will Bitcoin & Ethereum Price Follow? appeared first on Coinpedia Fintech News
The crypto markets appear to have risen above the bearish influence to some extent as the star crypto, Bitcoin, along with the major altcoins, have been making a huge move. While the top 10 altcoins have been recording decent gains, three altcoins have surged with flying colours. Among them are Band Protocol (BAND), Stratis (STRAX), & WazirX (WRX), which have surged by more than 35% to 40% in the past 24 hours.
Band Protocol (BAND)
- The Band Protocol price broke above the descending trend within the falling wedge; it traded since the beginning of the year
- With a jump of more than 100% since the last trading day, the token seems to be under extreme bullish control, which is believed to prevail for a long time.
- The DMI is bullish as the ADX has triggered a bullish rebound while the +DI line has risen above the -DI, indicating the rise of a fine upswing
- Although the BAND price faced an interim pullback, a rebound from the lower support at $1.35 could trigger a flip, enabling the price to reach the higher targets mentioned in the above chart.
| Indicator | Short-Term (4 hours) | Long Term(1W) |
| RSI | 85.65 | 55.65 |
| MACD | 0.107 | -0.073 |
| 50-Day Moving Average (MA) | $1.087 | $1.52 |
| 200-Day Moving Average (MA) | $1.08 | $4.496 |
| Resistance | $1.672 | $5.27 |
| Support | $1.127 | – |
Also Read: Why Loom Network (LOOM) Price is Up by 250%-Will It Hit $1 in October 2023?
Stratis (STRAX)
- The STRAX price has been trading under extreme bearish conditions for over a year, ever since it failed to rise above the crucial resistance zone
- Ever since the beginning of the year, the price has failed to rise above $0.844 until the latest upswing
- The price faced rejection from the resistance zone just below $1.3, while the trend continued to remain elevated
- As the RSI has reached overbought levels, a minor pullback may drag the price slightly below $1, followed by a bullish rebound back above those levels
| Indicator | Short-Term (4 hours) | Long Term(1W) |
| RSI | 84.86 | 85.17 |
| MACD | 0.089 | 0.079 |
| 50-Day Moving Average (MA) | $0.744 | $0.516 |
| 200-Day Moving Average (MA) | $0.541 | – |
| Resistance | $1.206 | $1.259 |
| Support | $0.686 | – |
Also Read: Bitcoin Surges Above $27,000-Here What It Indicates About the Next Impending Trend!
WazirX (WRX)
- The WazirX token has witnessed a massive fall after a minor upswing in the first few days of the year. However, the recent upswing appears to have broken the barrier
- The price soared above the pivotal resistance zone between $0.1166 and $0.1192 and reached interim highs above $1.368
- Although the price faced an interim pullback, a flip appears to be imminent as it is defending the resistance-turned-to-support zone firmly
- Moreover, the super trend is closer to triggering bullish signals with a huge influx of buying volume, indicating the upswing will prevail for a long time.
| Indicator | Short-Term (4 hours) | Long Term(1W) |
| RSI | 59.80 | 49.59 |
| MACD | 0.0102 | -0.0102 |
| 50-Day Moving Average (MA) | $0.0961 | $0.13 |
| 200-Day Moving Average (MA) | $0.0948 | – |
| Resistance | $0.1744 | $0.8783 |
| Support | $0.0981 | — |
Read More