ANC Captures Friday’s Largest Gains, as WAVES up Nearly 100% in the Last Week – Market Updates Bitcoin News

Anchor protocol and WAVES were some of Friday’s biggest gainers, as crypto markets mainly traded lower at the end of the week. At the time of writing, the global cryptocurrency market cap has dropped over 4%, with GALA and MKR, the day’s biggest decliners.

WAVES

WAVES extended its recent streak on Friday, as the world’s 47th largest cryptocurrency rose for a sixth consecutive session.

Today’s rally in WAVES/USD came as prices rose to their highest level since December 17, breaking beyond resistance of $19.72.

Following a 24-hour low of $17.95, WAVES’s intraday peak was $20.87.

WAVES was trading 4.07% higher as WAVES’ 14-day RSI reached its highest point since Jan 31.

This price increase has seen the RSI rise to its highest point since August 2008, when the index traded at the 80 level.

Although this may not be good news for bulls as prices are now overbought and trading at resistance levels, it is likely that bears will be close by.

Anchor protocol (ANC).

Friday’s biggest gainer in the crypto top 100 was undoubtedly anchor protocol (ANC), which rose to a new all-time high, following recent gains.

After its break from $4.05., Anchor Protocol was active for the fourth consecutive session.

The latest change came when the 14-day RSI did not break its floor at 69 and instead rose to a record high of 83.

As of writing, ANC/USD is up almost 24%, hitting an intraday high of $5.53 in the process of today’s gains.

Over all, ANC has risen more than 55% over the past seven days. If bullish pressure continues, then we may be able to set new records this weekend.

Is this the right time to buy ANC when prices are high? We’d love to hear your comments.

Eliman Dambell

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