Fun

Biggest Movers: APE up Almost 30%, ZIL and AAVE Among Wednesday’s Big Gainers

News Feed - 2022-04-21 12:04:24

Biggest Movers: APE up Almost 30%, ZIL and AAVE Among Wednesday"s Big Gainers


APE was up close to 30% on Wednesday, as the recently listed token climbed to its highest point since it began trading on March 17. AAVE also saw a double-digit percentage increase today, whilst ZIL extended recent gains. AAVE


AAVE was up by nearly 10% in today’s session, as prices rallied for a third consecutive session, following losses last week.


Tuesday saw AAVE/USD hit a low of $175.69, however today, prices surged to an intraday peak of $198.02.


This move saw AAVE climb to its highest point in two weeks, April 6 to be precise, where price was trading above $200. AAVE/USD – Daily Chart


Looking at the chart, this $200 mark has long acted as a resistance point, and this ceiling held firm today as bulls raced towards this level.


Bulls would have likely taken profits, as the 14-day RSI neared its own ceiling of 54.90, which hasn’t been broken in over a month.


Should this ceiling be broken, there is a strong possibility that prices could be heading towards $240, which seems to be the next key resistance point.


Zilliqa (ZIL)


Speaking about resistance, ZIL rose to its own ceiling during Wednesday’s session, as traders extended yesterday’s bullish momentum.


Following a bottom of $0.1097 yesterday, ZIL/USD hit an intraday high of $0.1237 on hump-day, which is its highest level since last Thursday.


This high was also marginally below its long-term resistance level at $0.1260, which was last broken two weeks ago. ZIL/USD – Daily Chart


Several false breakouts later, ZIL is now once again back to this point, and bulls have so far been hesitant to act.


Looking at the chart, ZIL is now trading around $0.1203, which comes as bulls have likely liquidated earlier positions, giving way to bears in the process.


Despite this, bullish sentiment seems to be firmly present, and bulls may just be waiting for the right time to finally break this ceiling. Tags in this story Aave, Analysis, Apecoin, ZIL


Will we finally see a breakout of this resistance level this week? 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 Breaks Resistance to Hit 9-Day High MARKET UPDATES | 8 hours ago Biggest Movers: RUNE Rises by Over 20% Today, as NEAR Climbs to Resistance MARKET UPDATES | 1 day ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleSanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says Next articleTradeStars Aims To Impress As The Platform Launches New DFS Feature 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 ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Iran to Increase Penalties for Unauthorized Cryptocurrency Mining

News Feed

Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees ‘Refreshed’ Bitcoin Bull Market
Analyst Expects US to Embrace Crypto With Proper Regulation in 2022 – Sees "Refreshed" Bitcoin Bull Market Analyst Mike McGlone with Bloomberg Intelligence has shared his outlook
Prashant Jha13 hours agoSwiss crypto bank SEBA gets Hong Kong SFC licenseSEBA Bank began its quest for Hong Kong expansion in late 2022, setting up an office in November, with the firm obtaining an in-principle approval
Crypto Economy Slides Under $1 Trillion, as Bitcoin and Ethereum Dive Below Previous Support Zones
Crypto Economy Slides Under $1 Trillion, as Bitcoin and Ethereum Dive Below Previous Support Zones On Saturday, August 27, 2022, the global market capitalization of all the crypto
Brayden Lindrea13 minutes agoLightning devs must ‘wake up’ and fix security bugs, not please VCs: Bitcoin devAntoine Riard, who left the Lightning Network in October, argues the Lightning Network is also at risk of b
Africa-Focused Venture Capital Firm Echovc Launches Blockchain Fund
Africa-Focused Venture Capital Firm Echovc Launches Blockchain Fund The Africa-focused venture capital (VC) firm, Echovc, has launched a fund that seeks to support blockchain start
South Africa Ransomware Attack: Justice Department Denies Receiving 50 BTC Ransom Demand
South Africa Ransomware Attack: Justice Department Denies Receiving 50 BTC Ransom Demand South Africa’s Department of Justice and Constitutional Development (DOJCD) has deni
NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior
NFT Weekly Sales Volume Improves Jumping 17% Higher Than the Week Prior After cryptocurrency assets jumped in value this week, following the Federal Reserve’s rate hike on W
Savannah Fortis10 hours agoAI can be a ‘creative amplifier’ — Grammy chief exec Harvey Mason Jr.Cointelegraph spoke with Harvey Mason Jr. in an exclusive interview about how the Recording Academy sees the integrati
Goldman Sachs Sees Huge Institutional Demand for Bitcoin — 76% of Clients Say BTC Price Could Reach $100K This Year
Goldman Sachs Sees Huge Institutional Demand for Bitcoin — 76% of Clients Say BTC Price Could Reach $100K This Year Global investment bank Goldman Sachs is see
How Long Does a Bitcoin Bull Run Last? Proponents Use a Myriad of Charts and Models to Predict Future Prices
How Long Does a Bitcoin Bull Run Last? Proponents Use a Myriad of Charts and Models to Predict Future Prices As bitcoin prices hover above the $55k zone, a numbe
David Attlee13 hours agoGerman crypto regulator calls for global rules to also govern niche finance centersBaFin’s top executive stresses the risks of crypto and calls for global regulation to apply to all financial ce
A Look at How Buckminster Fuller Predicted Bitcoin: ‘A Realistic, Scientific Accounting System of What Is Wealth’
A Look at How Buckminster Fuller Predicted Bitcoin: "A Realistic, Scientific Accounting System of What Is Wealth" Richard Buckminster Fuller was a well known American architect, sy