Technical Analysis: AVAX Enters Crypto Top 10, as NEO, THETA Also Gain

AVAX climbed into the cryptocurrency apical 10 connected Wednesday, pursuing a three-day winning streak. Today’s determination comes arsenic THETA and NEO were besides higher, contempt the existent marketplace uncertainty.

Biggest gainers

Although the bulk of the crypto apical 100 was underneath a reddish wave, determination were a fewer exceptions, which managed to surf supra this.

These see NEO, and THETA which were up betwixt 4-8% respectively, however, today’s astir awesome bull was AVAX.

The terms of avalanche (AVAX) rallied for a 3rd consecutive session, with today’s surge taking AVAX into the apical 10 crypto’s by marketplace capitalization.

AVAX/USD roseate to its highest level since January 12, hitting an intraday highest of $97.05 successful the process.

AVAX/USD – Daily Chart

Although, arsenic prices deed the caller absorption of $97.10, profit-takers began to liquidate their positions, which led to avalanche falling from its high.

The profit-taking came arsenic terms spot recovered immoderate resistance, with the 14-day RSI hitting its ceiling of 62, an country which has halted bullish momentum successful the past.

AVAX has chiefly trended upwards successful the past 3 weeks, and should this RSI level beryllium broken, prices volition apt surge past the $100 mark.

Biggest losers

Despite cryptocurrency markets being down 0.77% arsenic of writing, determination was nary definitive carnivore of the day, arsenic drops successful terms were marginal.

Some notable mentions nevertheless person been zcash (ZEC), and CELO which some fell by arsenic overmuch arsenic 4% connected the day.

However, Wednesday’s biggest loser, comparatively speaking, was polkadot (DOT), which arsenic of penning was trading implicit 2% little connected the day.

Polkadot (DOT), which presently occupies the #12 spot successful the crypto apical 100, was erstwhile a beardown contender to not lone participate the apical ten, but besides beryllium established wrong the list.

DOT/USD – Daily Chart

The terms of DOT, which deed a precocious of $20.27 yesterday, fell to an intraday debased of $19.12 connected Wednesday, arsenic markets look to beryllium heading for enactment astatine $18.20.

In summation to this, terms spot connected the 14-day RSI presently tracks astatine 43, and looks to beryllium heading for its level astatine 38.

Should this happen, however debased bash you expect DOT to go? What bash you deliberation astir avalanche trending higher? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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