Biggest Movers: AXS Falls Lower Following Hacks, While ZIL Climbs by Over 50%

AXS was buying and selling decrease on Wednesday, after it was reported that the Axie Infinity community Ronin suffered a breach, resulting in hackers stealing over $620 million from the blockchain-based buying and selling and battling sport. This got here as ZIL was buying and selling by over 50% increased throughout the session.

Zilliqa (ZIL)

Zilliqa (ZIL) was up by over 50% in at this time’s session, as merchants continued to react to the information that Zilliqa was partnering with Agora.

Following the information, ZIL rallied by over 200% up to now week, with at this time’s positive aspects seeing costs hit an intraday excessive of $0.1604.

Today’s peak comes as ZIL/USD broke previous its resistance stage of $0.1080, pushing costs to a brand new report excessive within the course of.

Looking on the chart, these latest highs have come as costs moved away from the assist stage of $0.0418 on March 21.

Since then we’ve seen a streak of upper highs from ZIL, with value energy presently monitoring off the charts.

As of writing, the 14-day RSI is presently at a studying of 89.17, which is considerably above its earlier excessive of 65.

This might be inviting to bears in search of a reversal in costs.

Solana (SOL)

AAVE, HNT, and VET had been all massive movers at this time, with most of those climbing by over 10%, nevertheless essentially the most notable secondary mover at this time was SOL.

SOL/USD climbed to an intraday excessive of $124.29 throughout at this time’s buying and selling session, because it changed LUNA because the world’s eighth-largest cryptocurrency.

This transfer from SOL got here as the value broke out of the long-term resistance stage at $113.70, hitting a six-week excessive within the course of.

The surge in value on Wednesday, which took costs to their highest since February 7, got here because the 14-day RSI moved previous its long-term ceiling.

Looking on the chart, the resistance of 65.9 on the indicator was damaged for the primary time since November and now tracks at 74.4.

With value energy now clearly overbought, we could also be set for some consolidation, that probably results in a reversal in value, as bulls exit, and bears look to enter.

Will SOL stay above LUNA for the rest of this week? Let us know your ideas within the feedback.