Biggest Movers: GRT up 15%, While ZEC Rallies Following Recent Losses

As crypto markets moved into the greenish connected Tuesday, GRT was 1 of the biggest gainers, arsenic prices rebounded pursuing caller declines. ZEC was besides higher connected the day, climbing by arsenic overmuch arsenic 5%, portion DOGE extended Monday’s gains.

The Graph (GRT)

GRT was easy 1 of the biggest gainers successful crypto markets connected Tuesday, arsenic it continued to determination distant from its caller enactment level.

Following a debased of $0.3393 to commencement the week, GRT/USD rallied to a highest of $0.4024 earlier successful today’s session.

The surge saw GRT bounce from its level of $0.3550, pursuing a mendacious breakout connected Monday, which took the terms to a six-week low.

GRT/USD – Daily Chart

Moving distant from this low, GRT is present hovering marginally nether its semipermanent absorption level of $0.4020, aft its earlier breakout attempt.

This comes arsenic traders volition apt person closed retired positions adjacent the terms ceiling, successful bid to unafraid immoderate of this session’s gains.

Looking astatine the chart, GRT is present trading astatine a sixteen-day high, with the 14-day RSI besides tracking astatine a absorption of 50.80.

Should comparative spot determination past this point, we could spot GRT/USD perchance heading towards $0.5000.

Zcash (ZEC)

ZEC was higher for the bulk of today’s session, arsenic prices rallied backmost towards the semipermanent absorption level.

On Tuesday, ZEC/USD roseate to an intraday precocious of $170.06, which was little than 24-hours removed from its trading astatine $151.70.

Today’s determination saw prices travel adjacent to the absorption of $170.30, however, sold disconnected arsenic bears re-entered the marketplace astatine this ceiling.

ZEC/USD – Daily Chart

Historically, this constituent has often seen precocious levels of bearish activity, and this shows successful the reddish candlestick which formed, pursuing connected from the earlier high.

Price spot has besides fallen, with the RSI falling backmost into oversold territory, and is presently tracking astatine 47, aft trading supra 54 lone 2 days ago.

Now traders hold to spot if each of today’s gains volition beryllium lost, oregon if prices could stabilize astatine $153.00, which appears to beryllium a floor.

Might we spot a little level of $138.00 should bearish momentum continue? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.