Biggest Movers: IOTX Climbs 13%, as GRT Leads Gainers on Tuesday 

Following a dilatory commencement to the day, cryptocurrency markets rebounded during the afternoon, arsenic bulls regained optimism anterior to Wednesday’s FOMC meeting. GRT was 1 of the biggest to climb, with IOTX besides signaling treble digit gains.

The Graph (GRT)

On Tuesday, GRT roseate to its highest level since February 18, starring Tuesday’s gainers, pursuing a choppy trading session.

Markets were volatile to commencement the day, nevertheless roseate arsenic the league matured, with GRT/USD climbing by implicit 20% successful the process.

As of penning this, GRT/USD was trading 20.6% higher, aft it deed an intraday highest of $0.432, which came arsenic prices broke past absorption of $0.374.

GRT/USD – Daily Chart

This determination came arsenic the 14-day Relative Strength Index besides roseate past its ain ceiling of 56.05, which took spot for the archetypal clip since November 27.

Looking astatine the chart, the RSI is tracking astatine 62, nevertheless though overbought, it is inactive beneath its highest of 73, which came successful October.

Should this upward momentum continue, it is apt that bulls volition beryllium targeting the $0.500 level next.

Iotex (IOTX)

IOTX besides roseate by treble digits connected Tuesday, arsenic it rallied distant its caller enactment level, signaling its highest precocious successful 2 weeks.

Following a debased of $0.06839 lone yesterday, IOTX/USD recorded a precocious of $0.07874 during Tuesday’s session.

This saw prices ascent by arsenic overmuch arsenic 13%, and comes arsenic the enactment level of $0.06650 was held pursuing caller attempts astatine a breakout.

IOTX/USD – Daily Chart

Although GRT did not yet deed its absorption of $.08175, the 14-day has risen to its highest level since February 15, which could entice bulls to re-enter.

If this ceiling is broken, we could spot a bull tally akin to what occurred connected February 8, erstwhile prices roseate to a highest of $0.1290.

Do you expect IOTX to support this bullish unit tomorrow? Let america cognize your thoughts successful the comments.

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