Biggest Crypto Gainers Today on DEXTools – PERPS, SONICBOT, EMOTI
Bitcoin has bounced back after briefly falling below $25,000 on Monday, suggesting bullish sentiment may remain intact for the leading cryptocurrency.
According to data from TradingView, Bitcoin dipped to $24,901 Monday before recovering to close the day at $25,162. Crypto traders say this dip likely triggered buying interest around $25,000, which then spurred a price rebound.
Bitcoin has been holding firm within the boundaries of $25,000 as support and $26,800 as resistance, establishing a trading range that has endured for almost a month.
A successful close above $26,800 could signal an upside breakout toward $27,200, which aligns with Bitcoin's 50-day exponential moving average.
The 100-day exponential moving average, which is currently near $27,609, presents another hurdle Bitcoin must overcome before it can test its recent high of $28,142, posted on August 29. After that, the key level of $30,000 awaits – this represents a 15% climb from the current prices.
Alongside the modest recovery of Bitcoin and the broader cryptocurrency market, PERPS, SONICBOT, and EMOTI are also experiencing a notable surge, standing out as some of the biggest crypto gainers today on DEXTools.
PERPS has shaken off yesterday's bearishness, rising 102.80% so far today to trade at $0.08701. The cryptocurrency continues gaining traction after a major 46% pullback.
PERP's hourly RSI is currently set at 70.22. This indicates that the cryptocurrency is currently in overbought territory. This can often signal a potential price reversal or a correction in the near future.
While the RSI signals potential overbought conditions, the Exponential Moving Averages (EMA) tell a different story. The 10 EMA, currently at $0.07437, has been successfully trailing for
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