Following a bearish start to the week, the crypto market rallied throughout the afternoon, with quant (QNT) and terra (LUNA) leading the gainers. Earlier losses in bitcoin and ethereum were also lessened, as the overall market was up 1.35% as of writing.
Biggest gainers
Cryptocurrency markets have been under considerable pressure from bears in the last week, however, this somewhat eased as some bulls returned on Monday.
Terra (LUNA) was one of these, and was up over 7% as of writing, hitting a high of $53.61 in the process.
Despite this, it was quant (QNT) that was today’s biggest gainer (thus far), climbing by as much as 13% on the day.
QNT/USD rose to an intraday high of $128.98 to start the week, after closing out yesterday’s session with a low of $105.45.
Today’s move saw QNT form an engulfing pattern, which wiped out the last four days of quant bears, as markets looked to move to resistance.
However, as QNT/USD moved closer to this resistance level of $138.30, some traders seemed to have liquidated their positions.
Irrespective of this, we may still see those remaining pushing for this price ceiling.
Biggest losers
Despite last week’s selloff somewhat consolidating, there was certainly still a red wave present in the crypto top 100.
Whilst most of the list remained red, losses were somewhat muted, with the biggest to fall (as of writing) being avalanche (AVAX).
AVAX/USD fell to an intraday low of $75.00 during today’s session, and is down close to 4%, pushing prices to their lowest level in three weeks.
This drop in price comes as the support level of $79.00 was finally broken, after several failed attempts to move below this point.
Price strength has also been dented, with the 14-day RSI moving to its weakest point since February 3, and now tracks at 44, which is marginally in oversold territory.
Could AVAX be heading towards $70.00? Let us know your thoughts in the comments.
Check live crypto rates here
Start trading today – See our list of exchanges
Lovely just what I was looking for.Thanks to the author for taking his time on this one.
Very nice post. I just stumbled upon your weblog and wanted to say that I’ve truly enjoyed surfing around your blog posts. In any case I will be subscribing to your feed and I hope you write again soon!
Some really wondrous work on behalf of the owner of this website , utterly great content.
imitrex 25mg pill – buy sumatriptan 25mg sale sumatriptan tablet
Neat blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your design. Bless you
I believe this site contains very great pent content articles.
I like what you guys are up also. Such intelligent work and reporting! Keep up the superb works guys I’ve incorporated you guys to my blogroll. I think it will improve the value of my web site 🙂