Technical Analysis: ANC Captures Friday’s Largest Gains, as WAVES up Nearly 100% in the Last Week

Anchor protocol and WAVES were immoderate of Friday’s biggest gainers, arsenic crypto markets chiefly traded little astatine the extremity of the week. At the clip of writing, the planetary cryptocurrency marketplace headdress has dropped implicit 4%, with GALA and MKR, the day’s biggest decliners.

WAVES

WAVES extended its caller streak connected Friday, arsenic the world’s 47th largest cryptocurrency roseate for a sixth consecutive session.

Today’s rally successful WAVES/USD came arsenic prices roseate to their highest level since December 17, breaking beyond absorption of $19.72.

The terms of WAVES roseate to an intraday precocious of $20.87 connected Friday, pursuing a debased of $17.95 little than 24-hours ago.

WAVES/USD – Daily Chart

As of penning this, WAVES traded 4.07% higher, arsenic the 14-day RSI roseate to its highest level since January 31.

This emergence successful terms spot has besides seen the RSI determination to its highest constituent since past August, erstwhile it traded supra the 80 level.

This whitethorn beryllium atrocious quality for bulls, however, arsenic with prices present intelligibly overbought, whilst trading astatine resistance, bears are apt to beryllium nearby.

Anchor protocol (ANC)

Friday’s biggest gainer successful the crypto apical 100 was undoubtedly anchor protocol (ANC), which roseate to a caller all-time high, pursuing caller gains.

Anchor protocol was up for a 4th successive session, pursuing its breakout from the semipermanent absorption constituent of $4.05.

This latest determination occurred erstwhile the 14-day RSI failed to interruption its level of 69, and alternatively roseate to a present grounds level of 83.

ANC/USD – Daily Chart

As of writing, ANC/USD is up astir 24%, hitting an intraday precocious of $5.53 successful the process of today’s gains.

Overall, ANC is up implicit 55% successful the past 7 days, and should this bullish unit continue, we could beryllium acceptable for much grounds highs this weekend.

With prices being overbought, is this the cleanable clip to merchantability ANC? Let america cognize your thoughts successful the comments.

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