Biggest Movers: DOGE, ADA Nearly 10% Higher, as AXS Leads Today’s Gainers

Biggest Movers: DOGE, ADA Nearly 10% Higher, as AXS Leads Today"s Gainers

DOGE was higher during today’s session, as it was reported that a Bitcoin ATM operator added the token to its Kiosks. This comes as cardano also added to recent gains, after it was revealed that Coinbase is now offering cardano staking. Despite this, it was axie infinity (AXS) that led Thursday’s gainers. Axie Infinity (AXS)

The token axie infinity (AXS) was up by almost 25% today, as traders continued to react to tweets from Axie Infinity that said that the ears of “Axies” will have their own cards for the first time ever.

Following a low of $50.76 on Wednesday, AXS/USD rallied to an intraday high at $69.02 during today’s session.

Today’s move came as AXS broke past its resistance level of $57, rising to its highest point since February 7 in the process. AXS/USD – Daily Chart

After breaking out of one ceiling, today’s surge which saw prices climb by as much as 25%, rising to yet another point of resistance.

This new ceiling is the $69.24 resistance, which has been in place for over six weeks, following a selloff from $84.

Bulls will likely be aware of this, and may liquidate some gains, in order to avoid price uncertainty, should bears re-enter the market.

Cardano (ADA)

Although dogecoin (DOGE) rose by as much as 10% on Thursday, these gains were not sustained as today’s trading session matured.

However, cardano (ADA), on the other hand, maintained its percentage gain, trading close to 10% higher throughout the day, and was up 9.29% as of writing.

Today’s rally was the sixth day in seven that the price of ADA has risen, with today’s gains taking it to the highest point since February 10. ADA/USD – Daily Chart

As a result of recent gains, the 14-day RSI has surged to over 74, which is the peak point for price strength since August last year.

Looking at the chart, February 10 is a good indicator of what typically happens at these current price levels, and with ADA currently overbought, we could be in store for reversal.

Recent surges in ADA follow the news that Coinbase is set to begin allowing for the use of cardano (ADA) staking services. Tags in this story ada, Analysis, axs, Cardano, Coinbase, Doge, Market Update, Technical Analysis

Do we expect the prices of ADA to turn around heading into the weekend? Let us know your thoughts in the comments section below. Eliman Dambell

Eliman brings a diversified point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: ETH Recaptures Fresh 1-Month High MARKET UPDATES | 9 hours ago Biggest Movers: ETC up 80% in the Last Week, as Loopring Gains 42% on Wednesday MARKET UPDATES | 1 day ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleOnchain Data Shows Terra’s Luna Foundation Continues to Stack Bitcoin Next articleBank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItBinance Now Fully Licensed by Central Bank of Bahrain to Offer Crypto Services

Cryptocurrency exchange Binance has announced that it has received a full license from the Central Bank of Bahrain. "The crypto asset license will allow Binance to provide crypto-asset trading, custodial services, and portfolio management to customers under the supervision of ... read more.BNDES Director Offers New Insights on Development of Brazilian Blockchain Network British Investment Bank HSBC Joins Metaverse via Sandbox, Animoca Brands Partnership US Justice Department Returns Stolen Bitcoin to Victim of Government Imposter Scam Robert Kiyosaki Predicts End of US Dollar — Says War Giving Rise to Crypto as Safer Haven Than Fiat Money