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Sunday, December 6, 2020

Top Crypto Gainers of August 29th

Crypto markets saw a wide intraday swing yesterday when many altcoins suddenly caught the bullish momentum. This might have been caused by the uprising of bitcoin as the top crypto broke the key resistance at 11,500. Similarly, Yearn Finance token, (YFI) moved briskly towards the $20,000 arena again for the second time this month.

Top Gainers:

#1. Ampleforth (AMPL 29.68% Gain):

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AMPL obtains the top recognition among this wave of leading gainers with a 29.68%.

AMPL contracts this proceeds as an outcome to the bull run of yesterday, which in turn, is inaugurating a buying pressure within the last 24 hours

AMPL is instantly trading at $0.91 around a market capitalization of $178 million. The coin’s exchange volume in the last 24 hours is nearly $34 million.

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Technical Points

AMPL smashed the resistance level at $0.89 to top the level. Finally, the coin rose all the way to $0.91 with a 29% profit.

Farther this level, the more level of key resistance fibs at $1.0 where prices have examined and declined in the past.

  • Next major resistance $1.0
  • Next major support at $0.89
  • RSI approaching overbought condition at 70.0

#2. Yearn.finance (YFI tokens 26.52% Gain):

YFI got a neat market clutch in the last 24 hours. In the timeframe described, the coin reaped around 27% to retain a week-long market gain which grows to around 60%.

At the time of writing this piece, YFI is trading at $19,500 while stepping ahead the $20,000 mark. This is about a 290% change in the biweekly timeframe.

The coin withstood the $19,000 resistance level and went past the next resistance at $19,500. By midday, FYI assessed the price level at $19,600 but neglected to break the level appropriately. It later fell below to build main support at $19,500.

Within the last 30 days, FYI gained around 1,000% to register a substantial profit amid the top gainer’s cryptocurrencies of the ongoing bull season.

  • Next level of major resistance at $20,000
  • Next level of major support at $19,500
  • RSI has leveled out at the 90.0 level and seems to need a slight retracement.

#3. Waves (WAVES 10% Gain):

Waves has frequently made captions recently. This was as a result of gains amazed in the past. The cryptocurrency still listed a considerable gain in the last 24 hours to meet our top gainers’ list today. Waves made roughly 10% gain within the last 24 hours.

The market opinion is almost entirely bullish for Waves. 87% of traders chose for a buy, stipulating additional upwards movement potential for this cryptocurrency.

WAVES is in earnings since last year. The coin is up by almost 194% in a year and by 129% within the last 30 days. 7.5% gain was recorded within the last seven days and roughly 4% gain in the last hour.

Technical Indicators

  • Next major resistance at $3.5
  • Next major support level at $3.4
  • Resistance Strength Index rose through the 30.0 oversold condition
  • Bullish ride trends on top of Bollinger indicator.

WAVES is changing hands at $3.45 and its market cap is stable around $317 million.

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