Biggest Movers: ETC Biggest Gainer in Top 30 on Thursday, ZEC Also Rises

Ethereum classical was easy the biggest gainer successful the apical 30 connected Thursday, arsenic the planetary crypto marketplace was trading 0.9% little arsenic of writing. ZEC was besides higher connected the day, successful what was a choppy session, arsenic volatility remained higher, pursuing a caller diminution successful prices.

Ethereum Classic (ETC)

Ethereum classical (ETC) was 1 of the lone cryptocurrencies successful the apical 30 to ascent connected Thursday, pursuing a turbulent marketplace session.

Following a debased of $38.40 connected Wednesday, ETC/USD rallied to a highest of $43.11 during today’s session.

This comes aft prices rebounded from the enactment constituent adjacent $38.40, which has been successful spot since March 21.

ETC/USD – Daily Chart

Thursday’s surge successful ETC, comes aft 2 consecutive sessions of declines that pushed prices further distant from a caller 5 period precocious of $54.59.

Looking astatine the chart, today’s determination came arsenic the 14-day RSI bounced distant from its level of 44.50, and moved past the ceiling of 48.

Price spot is present tracking astatine 52.21, which is somewhat overbought, meaning that today’s gains whitethorn beryllium temporary, and could inactive reverse.

This uncertainty volition apt interest today’s bulls, and could mean that immoderate whitethorn adjacent positions, and unafraid profits.

Zcash (ZEC)

Similar to ETC, zcash (ZEC) besides rebounded aft caller losses connected Thursday, with today’s gains ending 3 consecutive days of declines.

As of penning this, ZEC/USD deed an intraday precocious of $176.86 today, arsenic the world’s 52nd largest cryptocurrency climbed by astir 3.25%.

Gains connected Thursday follows a debased of $159.20 connected Wednesday, which is adjacent to the existent enactment level of $158.60.

ZEC/USD – Daily Chart

Although today’s diminution didn’t instrumentality ZEC beyond this floor, prices are inactive astatine their lowest constituent since March 18.

This comes arsenic the moving averages of 10 and 25-days look acceptable for a downward crossover, which could beryllium a motion that much drops successful terms could beryllium imminent.

One of the lone positives for bulls, is that today’s surge means that the level of 45.83 connected the RSI indicator was not broken, arsenic specified prices person stabilized, pursuing caller falls.

If this level is broken, what terms people volition beryllium the adjacent landing spot for ZEC bears? Let america cognize your thoughts successful the comments.

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