The crypto markets appear to have risen above the bearish influence to some extent as the star crypto, Bitcoin, along with the major altcoins, have been making a huge move. While the top 10 altcoins have been recording decent gains, three altcoins have surged with flying colours. Among them are Band Protocol (BAND), Stratis (STRAX), & WazirX (WRX), which have surged by more than 35% to 40% in the past 24 hours.
Band Protocol (BAND)
- The Band Protocol price broke above the descending trend within the falling wedge; it traded since the beginning of the year
- With a jump of more than 100% since the last trading day, the token seems to be under extreme bullish control, which is believed to prevail for a long time.
- The DMI is bullish as the ADX has triggered a bullish rebound while the +DI line has risen above the -DI, indicating the rise of a fine upswing
- Although the BAND price faced an interim pullback, a rebound from the lower support at $1.35 could trigger a flip, enabling the price to reach the higher targets mentioned in the above chart.
- The STRAX price has been trading under extreme bearish conditions for over a year, ever since it failed to rise above the crucial resistance zone
- Ever since the beginning of the year, the price has failed to rise above $0.844 until the latest upswing
- The price faced rejection from the resistance zone just below $1.3, while the trend continued to remain elevated
- As the RSI has reached overbought levels, a minor pullback may drag the price slightly below $1, followed by a bullish rebound back above those levels
- The WazirX token has witnessed a massive fall after a minor upswing in the first few days of the year. However, the recent upswing appears to have broken the barrier
- The price soared above the pivotal resistance zone between $0.1166 and $0.1192 and reached interim highs above $1.368
- Although the price faced an interim pullback, a flip appears to be imminent as it is defending the resistance-turned-to-support zone firmly
- Moreover, the super trend is closer to triggering bullish signals with a huge influx of buying volume, indicating the upswing will prevail for a long time.