Although there’s been a general price plunge since yesterday, very few altcoins are trying to nurture a bullish trend. While Bitcoin strides between the $10,500 and $10,700 area, ETH seems to have taken a little break and sits around $350 instead.
– Advertisement –
Many other altcoins have plunged by some considerable margins while total market capitalization sinks extensively.
Amid a wild bear market, coins like Zilliqa, XRP, and ADA have gone against the tides to record slight gains that catch attention.
Top Gainers:
#1. Zilliqa (ZIL 9% Gain):
– Advertisement –
Zilliqa makes the first spot among this category of top gainers with 9%.
Zilliqa [ZIL] gain comes amid several weeks of sideways movement which in turn, is instigating a bull market within the last day. ZIL is currently trading at $0.020 amid a market cap of $228 million.
The coin’s exchange volume within the last 24 hours is hovering around $68 million.
Technical Points
ZIL broke there resistance at $0.0198 to surpass the level. Eventually, the coin rose all the way to $0.0205 with a 12% profit.
Beyond this level, the next level of major resistance lies at $0.021 where prices have tested and failed In the past.
- Next major resistance $0.021
- Next major support at $0.0195
- RSI at the oversold condition at 25.0
#2. Ripple (XRP 6.2% Gain):
Ripple, like major altcoins, also gained slightly within the previous days.
Ripple (XRP) struggled on the charts in recent days as the general crypto market fell into great dips. As the market began to recover, ripple, however, remained silent and traded sideways instead, perambulating around the $0.24 region for several days.
Also Read : Ripple Price Prediction: Will Ripple Reach $5 In 2020?
Ripple gained around 6% within the last day, landing at $0.256 per unit of the coin. XRP later plunged by a little margin to around $0.24 at which it is currently changing hands.
Technical Points:
- Prices found major support at the $0.245 area
- The next level of major resistance lies at $0.255
- The major price trend is bullish.
#3. Cardano (ADA 5% Gain):
The price of Cardano [ADA] has gained around 5% in a 24-hour bull run which escorted its price towards the $0.097 mark.
The top cryptocurrency recorded the highest gains since June 28, surpassing bitcoin and every other major altcoin. This current bull run is painting a bullish scenario in the near term and this may be a clear indication for future prices.
Also Read :Cardano [ADA] Price Prediction: Will ADA Ever Reach $10?
Amid the intraday price swing, Cardano [ADA] reached a top price of around $0.099. This top was recorded having bounced off the support at the bottom price of September 24, 23:30 hours UTC at $0.090.
This bounce wasn’t opposed by the midline moving average upon which prices have had major difficulties in the past.
As of now, ADA is trading at $0.097 as market capitalization grows to $3.0 billion. These figures relate to a fluctuating 24-hour volume which now stands at $385 million.
Technical points:
- Near term price trend seems bullish.
- The next level of support lies at $0.096
- Next key resistance level at $0.1