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Friday, November 27, 2020

Defi Tokens Ampleforth (AMPL) and Flexacoin (FXC) Continue to shine

Extreme price volatility graced the crypto markets today. Within the past 24 hours, many altcoins, particularly Defi tokens have overtaken the market with impressive gains. Flexacoin (FXC) is taking the lead, as top altcoins like Ampleforth (AMPL )are restless, trying to catch up from behind.

#1. Ampleforth (AMPL 3.63% Gain):

AMPL receives the top acknowledgment amidst this wave of dominating gainers with a 3.63% daily profit.

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AMPL lists this income as a continuation of the bull run of a being experienced in a couple of days now. This, in turn, is initiating a buying pressure within the last 24 hours

AMPL is instantly trading at $0.79 around a market capitalization of $165 million. The coin’s exchange volume in the last 24 hours is approximately $22 million.

Technical Points

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AMPL broke the resistance level at $0.75 to top the level. Ultimately, the coin rose all the way to $0.82 with roughly 40% profit.

Further this level, the more level of key resistance fibs at $0.9 where prices have been examined in the time past.

  • Next major resistance $0.9
  • Next major support at $0.75
  • RSI approaching overbought condition at 70.0

#2. Flexacoin (FXC 12% Gain):

FXC records 12% within a 24-hour time-frame. Many traders acknowledge that this is the continuation of a price rally for FXC as over 80% of respondents are bullish on Flexacoin.

The coin is up by around 250% since last year and by 11% within the last two weeks. Nonetheless, the coin scores 81.4% gain within the last month but gained 0.1% within the last hour.

FXC is now changing hands at $0.011 amid 24-hour trading volume that averages $353 million. 

Technical Indicator

  • FXC penetrates the resistance at $0.015
  • The next level of major support lies at $0.010
  • RSI is approaching the overbought condition and may cause a plunge soon.

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