MINA was one of the top gainers of crypto in volatile trading on Monday. Crypto.com (CRO) also fell despite the fact that it was featured in a Super Bowl commercial featuring LeBron James.
The biggest gainers
A week to the day, SHIB was the biggest gainer in the crypto top 100, climbing by as much as 50% in the process, although, today’s bull has risen by less than 10%.
Crypto markets have been lower in recent days, and this volatility was present in today’s session, however, mina protocol (MINA) managed to surge despite this.
MINA/USD traded at an intraday low of $2.30 Sunday and climbed up to an intraday high today of $2.73.
Today’s move came as the price of MINA rallied from support of $2.30, all the way towards resistance of $2.80.
The price of oil continued to rise, but another hurdle prevented it from increasing further.
The 14-day RSI reached 46, which in past years has acted as a resistance level.
MINA traders remain positive that MINA could make a comeback.
Biggest losers
Aside from the coinbase ad during yesterday’s Super Bowl, the crypto.com segment which featured LeBron James, was undoubtedly the second most discussed.
Crypto.com Coin (CRO), despite this being a positive, was still in the red for the first week of the week. It has not been able to capitalise on the increased viewing.
As markets appear to have settled on a near-term floor, the price of CRO/USD fell from $0.5173 to an intraday high yesterday to $0.473.
After a five-day bull run that ended with consolidation, this support level, $0.4709, was in place on February 5.
The current level has historically been a source of significant bullish pressure. This was evident during the December 20th run. However, these bulls are unlikely to return if the resistance at $0.5312 is broken.
Will we see more crypto traders enter the market following yesterday’s adverts? We’d love to hear your comments.
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