Technical Analysis: AMP Surges, IOTX Lower After Friday’s Jump
Friday’s big gainer IOTX fell lower on Saturday, as a red wave continued to submerge crypto markets to start the weekend. Overall, cryptocurrencies were down around 5% as of writing. Biggest Gainers On a day where the majority of the crypto market was trending lower, finding a bull was no mean feat. However, there were two exceptions, one being EGLD, but the standout was AMP which rose by close to 10% during the session. AMP/USD, which was trading at a low of $0.03055 on Friday, climbed to an intraday high of $0.03723 earlier today. Today’s move came as the price of AMP....
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IOTX was Friday’s big gainer, as crypto markets were lower across the board to end the week. Overall, the global cryptocurrency market cap is down close to 4% in today’s session.
Biggest gainers
Following a strong start to the week, which saw the likes of shiba inu (SHIB), and leo token (LEO) both rally by over 50%, cryptocurrency prices fell as we headed into the weekend.
Although the majority of the top 100 markets were in the red, there were a few notable exceptions to this.
IOTX/USD, which was trading at a low of $0.1029 on Thursday,....
Bitcoin price is pushing toward its three-month resistance ceiling. Technical and sentiment analysis argue for a return to decline, and fundamental analysis shows that Bitcoin’s value is more fragile than many realize. Friday’s technical analysis concluded that the outlook for bitcoin price is bearish while price fails to break above the prevailing resistance ceiling (blue down-sloping line in the chart). Going forward, technical analysis will be informed by the position of price in relation to this ceiling: if the market can successfully trade price above it, we can expect continuing....
BTC was marginally lower to start the weekend, as crypto prices consolidated following recent gains. After surges in price on Friday, both ETH and bitcoin were slightly lower, as bulls appeared to have liquidated positions in order to secure profits. Bitcoin Bitcoin was trading lower to start the weekend, as markets consolidated following Friday’s surge in price. Following a peak of $21,138.24 in yesterday’s session, BTC/USD slipped to an intraday low of $20,518.90 earlier today. This drop comes as yesterday’s momentum slightly eased, and bears reentered the market....
Crypto markets appeared to have temporarily shaken off recent volatility, with AMP once again leading the day’s bulls. Terra’s LUNA also surged, climbing by as much as 20% during Friday’s trading session. AMP AMP is currently trading over 24% higher in today’s session, climbing to its highest level since last Saturday. Friday’s rally in AMP came following a false breakout yesterday, at its floor of $0.0239, with prices now trading slightly above resistance. The ceiling for AMP/USD lies at the $0.2950 level, and this was marginally broken, as prices rose....
WINk, DENT and IOTX notched triple-digit gains as Bitcoin’s bullish momentum extends to the wider crypto market. The cryptocurrency market charged full steam ahead on Aug. 11 as the price of Bitcoin (BTC) climbed to $46,743 and bulls are now taking aim at the $48,000 resistance level as the next target. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were IoTeX (IOTX), WINk (WIN) and Dent (DENT). Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProThe Coinbase listing bump continues for IOTXIoTeX....