Biggest Movers: ZIL Rallies to 11-Month High, as SOL and WAVES Extend Recent Gains 

Solana prolonged current positive aspects, because it continued to cement its place because the world’s sixth-largest cryptocurrency. ZIL additionally rose on Thursday, following yesterday’s 50% enhance in its worth. All of this got here as WAVES jumped by as a lot as 15% in the course of the session.

Zilliqa (ZIL)

Although solana (SOL) was greater for a 3rd straight session, hitting a multi-month excessive within the course of, it was zilliqa (ZIL) which was as soon as once more the day’s greatest gainer.

Today’s surge noticed ZIL/USD climb to an intraday excessive of $0.218 throughout Thursday’s session, which is its highest level since final May.

Following the breakout of the $0.1090 resistance, ZIL has rallied to achieve a streak of upper highs all through the course of the week.

Price energy continues to be overbought because of these positive aspects, with the 14-day RSI now monitoring at 91.51.

This is the best level this indicator has hit on report, which exhibits that there might solely realistically be one course long-term from this level.

As seen from at the moment’s candlestick, the wick fell from its earlier highs and now trades at $0.1844, which is probably going a results of profit-taking.

WAVES

The worth of waves (WAVES) rose for a fourth consecutive session on Thursday, hitting a brand new all-time excessive within the course of.

Following yesterday’s excessive of $60.03, WAVES/USD climbed to an intraday excessive of $62.36 throughout at the moment’s buying and selling session.

This transfer got here following earlier lows of $49.68, with WAVES costs buying and selling practically 13% greater than this, as of writing.

In addition to the present all-time excessive, the 14-day RSI can be monitoring at a peak of 92.28, which is firmly above the overbought zone.

As a results of this, and just like ZIL, it will doubtless spur curiosity from bears, who imagine a reversal in momentum is imminent.

The crossover of the transferring common additionally appears to have matured, and a change in course might come as soon as a resistance in worth is discovered.

Have we already hit a resistance stage in WAVES? Let us know your ideas within the feedback.