Biggest Movers: WAVES, GMT, and EOS Among Big Gainers on Easter Weekend

Following caller declines successful price, WAVES climbed higher to commencement the weekend, arsenic crypto markets moved marginally higher. Some of the biggest contributors to the gains were EOS and GMT, which some roseate by implicit 6%.

EOS

EOS roseate for a 2nd consecutive league to commencement the weekend, arsenic prices raced to their highest level successful implicit 10 days.

After trading astatine a debased of $2.34 connected Friday, EOS/USD raced to an intraday highest of $2.52 during Saturday’s session.

This is the astir EOS has deed since April 7, and comes aft prices moved distant from the semipermanent enactment level to commencement the week.

EOS/USD – Daily Chart

As seen from the chart, this level was astatine the $2.20 point, which prices deed pursuing 2 weeks of declines, which commenced astatine a apical of $3.17.

Since this drop, which besides saw the 14-day RSI deed a multi-month debased of 36.34, terms spot has climbed, and present hovers beneath a ceiling of 52.

Should this absorption constituent beryllium broken, we could spot bulls look to propulsion terms towards the $2.65 level.

WAVES

WAVES was besides up connected Saturday, arsenic traders look to person yet recovered a floor, pursuing a caller bearish run.

Similar to EOS, prices of WAVES person been battling a reddish question since March 29, which is erstwhile the caller carnivore tally successful crypto markets began.

This tally has seen WAVES driblet to a bottommost of $20 connected Thursday, which is its lowest constituent successful implicit 5 weeks, and an country wherever bulls typically re-enter.

WAVES/USD – Daily Chart

As of writing, WAVE/USD has risen to a precocious of $22.89 successful today’s session, aft opening the time tracking person to the $20.57 level.

Looking astatine the chart, the 14-day RSI has shown america that terms spot has been consolidating for the past fewer days, arsenic it sits astatine the level of 35.70.

This is the lowest level the RSI has tracked astatine since February, and with prices being undoubtedly oversold, bulls whitethorn look astatine this arsenic an accidental to bargain caller dips.

Is the existent $20 level successful WAVES the existent terms floor, oregon could we spot this enactment broken? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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