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Things seem to be returning to normal as Bitcoin strides towards the $11,000 area. While the top cryptocurrency makes this important move, there is also this Uniswap narrative which has been the talk of the town for a few days now.
Ethereum as well as other altcoins too are making a bit of success. Defi coins however are the top gainers of the cryptocurrency markets today. Being led into victory by YFI, top defi tokens like YFII and LINK are nurturing a bull market.
#1. Yearn.finance (YFI tokens 17% Gain):
YFI had a neat market grip within the last 24 hours. In the timeframe described, the coin received approximately 17% gain to balance up a week-long market trading which grew to around 11% loss.
At the time of writing this piece, YFI is trading at $28,276 while surging towards the $30,000 mark. This is about an 82% difference of gains in the 30-day timeframe.
The coin overcame the $28,000 resistance level but failed the next opposition at $30,000. Before midday, FYI tested the price level at $30,000 again but failed to break the level properly. It later fell below to build key support at the $28,000 level.
Within the last 30 days, FYI gained around 82% to register a considerable revenue amid the top gainer’s cryptocurrencies of the ongoing bull season.
- Next level of major resistance at $30,000
- Next level of major support at $28,000
- RSI has leveled out at the 90.0 level and seems to need a slight retracement.
Also Read : Yearn.Finance Price Prediction 2020. Will YFI Price Reach $20,000?
#2. DFI.Money (YFII 17% Gain):
Second on this list is DFI.Money. The coin is up around 17% since yesterday and makes the list for the first time this week.
As a top gainer today, YFII maintains a brilliant market emotion. With 89% optimism, markets are likely to swing bullish further.
The past month was amazing for YFII. The coin amazed some 250% gain and pressed further in the 24-hour graph for some more gains. Losses were accrued in the 14-day and weekly timeframes with 26% and 12% respectively.
YFII is currently trading at $3,571 amid further bullish possibilities.
Technical Points
- General market mood is bullish
- Prices broke the $3,500 resistance level
- Next level of major resistance lies at $3,600
- Next level of major support lies at $3,500
#3. ChainLink (LINK 13% Gain):
Being first on this list, we have Chainlink. This significant cryptocurrency which has already delivered more than 13% gain within the last one week is noting additional gains this time.
Abundant traders are bullish on LINK and prices may behave very bullish in the short term.
The coin is up by over 512% in the last year but lost roughly 30% within the last month. Although it forfeited 0.4% in the last hour, LINK is positive in the daily timeframe.
Technical Indicators
- Next major resistance at $12
- Next major support level at $10.0
- Resistance Strength Index entered the 70.0 overbought condition and may drive prices down in a possible correction.
LINK is trading at $10.71 and its market cap is fluctuating around $3.61 billion.
Also Read : Chainlink Price Prediction 2020 – How High Will LINK Reach?
