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Sunday, January 24, 2021

OMG 28%, LEND 15%, THETA 15%

The crypto markets are achieving more stability ahead of the weekend. Aave and many other altcoins are pushing on hard, and making decent gains. Although analysis points to further gains in many altcoins, bitcoin seems to be keeping up the pace in its quest for $11,500.

OMG is featured once again today as the cryptocurrency accrues an indelible profit when related to its contemporaries. Also, Aave and THETA run for the runner-up position amid other struggling crypto markets gainers of 5th September 2020.

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In today’s list of top gainers, the regular players are observed making reasonable gains into higher highs. Meanwhile, fairly less prominent tokens are also struggling to gain some attention.

#1. OMG Network (OMG 27.53% Up):

OMG takes the top spot among top gainers today. The coin is up by roughly 30%  since yesterday.

Over 94% of market respondents are bullish on OMG and it seems the top coin is likely to submit gains very soon.

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Within the last one year, OMG gained 291% and has listed gains in all other time frames since last year. It lists 162% gains since last month but lost 22.6% since last week. Approximately 1.4% gain has also been recorded in the last hour.

The current price is $4.19 with an average market cap of $587 million. Also, more than $788 million of volumes was listed in the past 24 hours.

Technical Points

  • Prices set support at the $4.0 level
  • The next level of major resistance lies at $4.3
  • Resistance Strength Index (RSI) is flat at 10.0 oversold condition.

#2. Aave (LEND 14.87% Gain):

Aave accomplished gallantly within the last year. The coin listed around 16,731% profit in the one-year timeline. LEND gathered earnings last month with 93.1%. On the contrary, last week, LEND lost around 23%. The cryptocurrency is down 0.1% in the last hour.

Now changing hands at $0.61, it seems the market understanding is bullish in the short term. 91% of market respondents are bullish while 8% stay bearish on LEND.

Technical Indicators

LEND/USD glares bullish with prices soaring above the lid of the Bollinger Band. There’s an evident price increase above the Bollinger top where prices may head to the $0.65 level.

  • Next major resistance lies at $0.65
  • Next key support level at $0.60
  • RSI penetrated the 70.0 level and further move upwards seems highly possible.

#3. Theta Network (THETA 14.57% Gain):

Theta seems to have been making reasonable rounds of profits within the past weeks. The coin makes the list of top gainers today with roughly a 15% price increase.

Theta possesses an outstanding market accomplishment with 283% yearly gain. It listed a decrease of almost 9% since the past seven days. However, in the one-month graph, THETA is up 37%.

Technical Points

After withstanding the resistance at the $0.40 level, the timely level of crucial resistance lies at $0.44. THETA had problems in cracking the $0.45 level suitably and accordingly swings into a rambling pattern between. $0.42and $0.44.

  • The next major resistance lies at $0.45
  • Next Key support exists at $0.42
  • RSI penetrates the overbought situation and may plunge scarcely soon
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