Biggest Crypto Gainers Today on DEXTools – DACT, SILKROAD, BS
Bitcoin has managed to remount its 200-day exponential moving average after a period of decline since reaching its year-to-date peak in July.
According to some analysts, holding this support level will indicate the cryptocurrency may have bottomed out from its drop over the summer.
While Bitcoin battles to sustain its long-term dynamic support, what are the biggest crypto gainers today?
The price of Bitcoin rose to $28,167 on August 29, recovering some of the losses from its drop to $25,253 on August 17. However, the rebound remains below the 2023 high of $31,829 on July 13.
Other analysts caution there are signs of weakness that could lead to further declines. While Bitcoin's RSI touched 52 on August 30, suggesting a possible move into the bullish zone, it must consistently hold this level with a solid performance to substantiate its entry into the bullish RSI territory.
The move above the 200-day moving average line comes after Bitcoin fell below it on August 17.
If the Bitcoin price fails to maintain the 200-EMA in the upcoming days, it could potentially indicate that Bitcoin might be heading lower in the immediate future.
With Bitcoin trying to sustain long-term support levels, several altcoins have seen notable upside momentum.
DACT, SILKROAD, and BS are some of the biggest crypto gainers today on DEXTools, surging considerably even as Bitcoin seeks to cement its footing.
DACT has stood out as one of the biggest crypto gainers today, boasting a significant uptick of 28.76% so far.
However, an in-depth analysis of the existing technical indicators offers a more comprehensive perspective.
DACT's 15-minute 20 EMA stands at $0.0003393, while the 50 EMA is slightly higher at $0.0003462, and the 100 EMA is at $0.0003231.
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