Over the past five days, Ziliqa (ZIL) has increased by 50%. This upward move began as soon as the price moved above its 200-day moving average (MA).
The 200-day MA often acts as support/resistance, depending on if the price is trading above or below it. Several other altcoins have recently moved above their respective MAs, one of which is Cardano (ADA).
Well-known crypto trader
These 3 Coins Have Broken Out Above Crucial Moving Averages
In Brief
ADA, XLM and ZIL have all moved above their 200-day moving averages (MA).
ADA is trading between support and resistance at 540 and 690 satoshis, respectively.
Stellar has broken out from a long-term resistance line. The next resistance level is found at 910 satoshis.
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