APE up Almost 30%, ZIL and AAVE Among Wednesday’s Big Gainers – Market Updates Bitcoin News

APE was close to 30 percent higher on Wednesday. The recently listed token reached its highest point in trading since March 17, 2017. AAVE saw an increase of nearly 30% today. ZIL also extended its recent gains.

AAVE

AAVE was up by nearly 10% in today’s session, as prices rallied for a third consecutive session, following losses last week.

On Tuesday, AAVE/USD dropped to $175.69. However, today’s prices soared to $198.02.

AAVE climbed to the highest level in just two weeks on April 6, where it traded above $200.

As you can see, the $200 level has always acted as resistance and it remained so today, as bulls chased for this mark.

Bulls would have likely taken profits, as the 14-day RSI neared its own ceiling of 54.90, which hasn’t been broken in over a month.

There is strong potential that the ceiling could be breached and prices will move to $240. That seems to be the next resistance point.

Zilliqa, ZIL

Speaking about resistance, ZIL rose to its own ceiling during Wednesday’s session, as traders extended yesterday’s bullish momentum.

After a low of $0.1097 yesterday ZIL/USD reached an intraday high at $0.1237 on Hump-day. It is now its highest level since last Wednesday.

This was marginally lower than its long-term resistance at $0.1260 which was reached two weeks ago.

ZIL has now returned to the point after several false breakouts, but bulls are still hesitant to take action.

ZIL currently trades around $0.1203, which indicates that bulls may have liquidated their earlier positions, making way for bears.

However, bullish sentiment still seems strong and bulls might just be waiting to see if the time is right to move beyond this plateau.

Is this the week we will finally see this resistance level break? Please share your views with us in the comments.

Eliman Dambell

Eliman is an experienced market analyst with a diverse perspective. Eliman was a broker director and educator in retail trading.