Biggest Movers: AXS Falls Lower Following Hacks, While ZIL Climbs by Over 50%

AXS was trading little connected Wednesday, aft it was reported that the Axie Infinity web Ronin suffered a breach, starring to hackers stealing implicit $620 cardinal from the blockchain-based trading and battling game. This came arsenic ZIL was trading by implicit 50% higher during the session.

Zilliqa (ZIL)

Zilliqa (ZIL) was up by implicit 50% successful today’s session, arsenic traders continued to respond to the quality that Zilliqa was partnering with Agora.

Following the news, ZIL rallied by implicit 200% successful the past week, with today’s gains seeing prices deed an intraday precocious of $0.1604.

Today’s highest comes arsenic ZIL/USD broke past its absorption level of $0.1080, pushing prices to a caller grounds precocious successful the process.

ZIL/USD – Daily Chart

Looking astatine the chart, these caller highs person travel arsenic prices moved distant from the enactment level of $0.0418 connected March 21.

Since past we person seen a streak of higher highs from ZIL, with terms spot presently tracking disconnected the charts.

As of writing, the 14-day RSI is presently astatine a speechmaking of 89.17, which is substantially supra its erstwhile precocious of 65.

This could beryllium inviting to bears looking for a reversal successful prices.

Solana (SOL)

AAVE, HNT, and VET were each large movers today, with astir of these climbing by implicit 10%, nevertheless the astir notable secondary mover contiguous was SOL.

SOL/USD climbed to an intraday precocious of $124.29 during today’s trading session, arsenic it replaced LUNA arsenic the world’s eighth-largest cryptocurrency.

This determination from SOL came arsenic the terms broke retired of the semipermanent absorption level astatine $113.70, hitting a six-week precocious successful the process.

SOL/USD – Daily Chart

The surge successful terms connected Wednesday, which took prices to their highest since February 7, came arsenic the 14-day RSI moved past its semipermanent ceiling.

Looking astatine the chart, the absorption of 65.9 connected the indicator was breached for the archetypal clip since November and present tracks astatine 74.4.

With terms spot present intelligibly overbought, we whitethorn beryllium acceptable for immoderate consolidation, that perchance leads to a reversal successful price, arsenic bulls exit, and bears look to enter.

Will SOL stay supra LUNA for the remainder of this week? Let america cognize your thoughts successful the comments.

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