Biggest Movers: IOTX Climbs 13%, as GRT Leads Gainers on Tuesday

March 15, 2022

Following a gradual begin to the day, cryptocurrency markets rebounded in the course of the afternoon, as bulls regained optimism previous to Wednesday’s FOMC assembly. GRT was one of many largest to climb, with IOTX additionally recording double digit positive aspects.

The Graph (GRT)

On Tuesday, GRT rose to its highest stage since February 18, main Tuesday’s gainers, following a uneven buying and selling session.

Markets have been unstable to begin the day, nevertheless rose because the session matured, with GRT/USD climbing by over 20% within the course of.

As of penning this, GRT/USD was buying and selling 20.6% larger, after it hit an intraday peak of $0.432, which got here as costs broke previous resistance of $0.374.

This transfer got here because the 14-day Relative Strength Index additionally rose previous its personal ceiling of 56.05, which passed off for the primary time since November 27.

Looking on the chart, the RSI is monitoring at 62, nevertheless though overbought, it’s nonetheless beneath its peak of 73, which got here in October.

Should this upward momentum proceed, it’s probably that bulls shall be focusing on the $0.500 stage subsequent.

Iotex (IOTX)

IOTX additionally rose by double digits on Tuesday, because it rallied away its current help stage, recording its highest excessive in two weeks.

Following a low of $0.06839 solely yesterday, IOTX/USD recorded a excessive of $0.07874 throughout Tuesday’s session.

This noticed costs climb by as a lot as 13%, and comes because the help stage of $0.06650 was held following current makes an attempt at a breakout.

Although GRT didn’t but hit its resistance of $.08175, the 14-day has risen to its highest stage since February 15, which may entice bulls to re-enter.

If this ceiling is damaged, we may see a bull run just like what occurred on February 8, when costs rose to a peak of $0.1290.

Do you count on IOTX to take care of this bullish strain tomorrow? Let us know your ideas within the feedback.