Gala jumps by 37 % higher as the cryptobulls return -
Gala jumps by 37 % higher as the cryptobulls return -
during the weekend when Bitcoin rose to a two-week high, it was gala that stole the show after it rose by 37 %. The bulls returned on Saturday as the global crypto market capitalization was about 8 % higher.
biggest winner
After a huge week full of news in the gaming and crypto area, it was only a matter of time before the dealers addressed their attention Fest (gala) .
crypto bulls poured into the gala at the start of the weekend and drove the prices of the gaming-based Blockchain by almost 40 %
Gala/USD rose to an intraday high of $ 0.2668 after it had reached its low of $ 0.1865 during yesterday.
today's movement was just taking place when the price of gala broke its two-week resistance level of $ 0.2115, which has been held since January 21.
As can be seen from the chart, this rally led to two consecutive outbreaks of the recent upper limits in the 14-day RSI, first the 35 mark, followed by 41.
Overall, Gala is well below his ATH of $ 0.8415, which was determined on November 26th, but some still hope that it will finally reach $ 1.
biggest loser
Similar to yesterday, there were not many bears at the beginning of the weekend, around five of the top 100 cryptocurrencies were easy.The two largest that remained red today were quantity (qnt) and maker ( mkr ), with QNT on Saturday the honor of the greatest losing.
after four consecutive rally at the beginning of the week, QNT/USD had fallen by almost 5 % at the time of writing and reached an intraday low of $ 130.77.
The movement came when the 14-day RSI began to stagnate with the resistance mark of 54, with the prices at the price limit of $ 140.00.
Is the short -term momentum still Bullish, is today's decline only temporarily? Share your thoughts in the comments. Bedy verification : Shutterstock, Pixabay, WikiCommons 