Fun

Biggest Movers: AVAX, RUNE up Over 10%, as CAKE Surges 20% on Thursday

News Feed - 2022-03-18 03:03:18

Biggest Movers: AVAX, RUNE up Over 10%, as CAKE Surges 20% on Thursday


AVAX was once again higher on Thursday, rising for its fourth consecutive session, as it further cements itself in the crypto top ten. Although RUNE was also trading by as much as 15% higher, it was CAKE that led Thursday’s gainers. Pancakeswap (CAKE)


Pancakeswap (CAKE) rose to its highest level in almost four weeks on Thursday, as it moved away from its recent lows.


Following a bottom of $5.37 on Wednesday, which was close to a one-year low, CAKE/USD climbed by as much as 21% today.


CAKE rallied to an intraday high of $7.19 in Thursday’s session, which is its highest level since February 21. CAKE/USD – Daily Chart


This high came as price strength also gained, blowing past its recent ceiling on the 14-day RSI indicator in the process.


Since passing the resistance of 42, the RSI is now tacking at 50.65, which is marginally above another ceiling at 49.15.


Should this momentum continue, we could see CAKE tracking at $8.35.


Avalanche (AVAX)


Avalanche (AVAX) further cemented its place as the world’s tenth-largest cryptocurrency on Thursday, as it rose by as much as 15% on the day.


As of writing this, AVAX/USD rallied for a fourth consecutive session today, rising to a high of $81.48 in the process.


This follows a peak of $73.83 on Wednesday, and brings the seven-day average gain to 10.35%, despite recent bearish market sentiment. AVAX/USD – Daily Chart


Looking at the chart, the 10-day moving average continues to approach the 25-day, which is setting the scene for a potential upward cross.


One of the only visible hurdles is the fact that we are currently trading close to the resistance level of 56 on the 14-day RSI. Tags in this story Analysis, Avalanche, Avalanche (AVAX), AVAX, CAKE, Pancakeswap, RUNE


Will current momentum be enough to take AVAX beyond this point? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings a diversified point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: ETH up to 2-Week High Following Fed Rate Hike MARKET UPDATES | 10 hours ago Biggest Movers: SAND Surges on HSBC Partnership — MKR, WAVES Both Nearly 10% Higher MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program Next articleNFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItStarlink Terminals Arrive in Ukraine as Elon Musk Makes Good on Promise


Spacex has managed to deliver Starlink equipment to Ukraine as promised by its founder, Elon Musk. The hardware will provide access to high-speed internet for users in the country, which has been experiencing disruptions in communications as a result of ... read more.EU Data Act Proposes Shutdown Function for Smart Contracts Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official Square Enix to Bring Dungeon Siege IP to The Sandbox UK Regulator Bans Floki Inu Ad for Being Irresponsible, Exploiting Investor FOMO

News Feed

World’s largest sovereign wealth fund Bitcoin exposure not 'intentional'
Ciaran Lyons16 minutes agoWorld’s largest sovereign wealth fund Bitcoin exposure not "intentional"If the fund was aiming to increase its Bitcoin exposure there would be more “evidence of direct exposure initiatives,
Recent Bitcoin Bull Run and Prior Run-up Data Suggests a Softer Bear Market Is in the Cards
Recent Bitcoin Bull Run and Prior Run-up Data Suggests a Softer Bear Market Is in the Cards It’s been six months or roughly 180 days since bitcoin reached an all-time high a
Biggest Movers: DOGE, LTC Near 3-Week Lows on Thursday
Biggest Movers: DOGE, LTC Near 3-Week Lows on Thursday Dogecoin was trading close to a three-week low on Thursday, following the release of retail sales figures in the United Stat
Marcel Pechman6 hours agoReal estate or Bitcoin: Which is more reliable?Marcel Pechman explains whether real estate or Bitcoin is a better store of value and breaks down Instacart’s current valuation and why investors
Revolut and Ledger wallet enable new crypto rails in EEA
Helen Partz11 hours agoRevolut and Ledger wallet enable new crypto rails in EEALedger, a major hardware wallet company, has partnered with Revolut to enable crypto trading on its self-custodial wallets in certain EEA cou
Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex Exchange
Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex ExchangeThis week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-b
Bitcoin Sharks & Whales Continue To Accumulate: Stage Set For New All-Time High?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
How to connect BNB Smart Chain to MetaMask
Marcel Deer12 hours agoHow to connect BNB Smart Chain to MetaMaskLearn how to connect the BNB Smart Chain to your MetaMask wallet and access a world of DApps, tokens and DeFi opportunities.550 Total views6 Total sharesLi
Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen
Major Cryptocurrency ATM Manufacturer General Bytes Hacked, Over $1.5M in Bitcoin Stolen General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to r
Felix Ng2 hours agoPoland probing OpenAI, ChatGPT following GDPR complaintPoland’s data protection watchdog has confirmed it has opened an investigation into OpenAI over a complaint it received from an applicant.639 To
Crypto sleuth investigates suspect in Sydney Sweeney’s hack
Helen Partz9 hours agoCrypto sleuth investigates suspect in Sydney Sweeney’s hackOnchain detective ZachXBT has linked the convicted UK hacker Gurvinder Bhangu to Sydney Sweeney and Bob Odenkirk’s crypto hacks.993 Tot
Amaka Nwaokocha1 hour agoLedgerX highlights CFTC regulatory gap in customer asset rulesThe new CFTC proposal enhances rules for futures commission merchants and derivative clearing organizations, mandating high liquidity