Biggest Movers: DASH, CVX and ALGO Lead Monday’s Gainers, APE Falls Further

CVX was the biggest crypto gainer to commencement the week, arsenic some DASH and ALGO besides climbed higher. Despite ALGO rising to its highest level successful implicit 3 weeks, gains successful DASH and CVX were much noticeable. This came arsenic APE erstwhile again traded successful the red.

Convex Finance (CVX)

Convex concern (CVX) was Monday’s biggest gainer, arsenic the world’s 77th largest cryptocurrency roseate by arsenic overmuch arsenic 15% to commencement the week.

Following a debased of $17.90 connected Sunday, CVX climbed to an intraday precocious supra $21.56 connected Monday, arsenic prices deed a ceiling.

Today’s determination was the highest level CVX has traded since March 2, arsenic prices continued to determination distant from enactment astatine $15.50.

CVX/USDT – Daily Chart

Monday’s surge saw prices adjacent absorption of $22.00, nevertheless slipped from this constituent arsenic bulls apt consolidated earlier gains by closing their positions.

Looking astatine the chart, the 10-day (red) moving average, and the 25-day (blue) person besides marginally crossed, which sets the array for further bullish momentum.

If this upward inclination continues, we could spot a interruption akin to the 1 connected March 2, wherever prices roseate to supra $30, during a flash spike.

DASH

DASH roseate to a 3 period precocious during today’s session, arsenic it roseate for a 4th consecutive league connected Monday.

Today’s high, saw DASH/USD rally to a precocious of $122.83 to commencement the week, which follows a debased beneath $101 connected Sunday.

Monday’s determination is the highest constituent DASH has reached since January 21, arsenic markets were successful escaped fall, dropping to arsenic debased of $79 during that week.

DASH/USD – Daily Chart

As of penning this, DASH is present trading beneath its semipermanent absorption level of $121.100, which is simply a level that past provided prices with precocious levels of bearish pressure.

The 14-day RSI is besides severely overbought, tracking astatine its highest constituent since November, which could springiness impetus to bears to see re-entering.

Is DASH presently preparing for a alteration successful momentum? Let america cognize your thoughts successful the comments.

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