GRT was the largest climber, while IOTX recorded double-digit gains.
The Graph (GRT).
GRT rose Tuesday to its highest level since February 18th, leading Tuesday’s gainers. This was after a volatile trading session.
The markets were volatile at the beginning of the day but rose as the session progressed. GRT/USD climbed by more than 20% during the course of the session.
GRT/USD traded 20.6% higher at the time of writing, having reached an intraday high of $0.432, after which prices broke through resistance of $0.374.
This was also the case as the Relative Strength Indicator for 14 days surpassed its ceiling of 56.05, the first time it had happened since November 27.
The chart shows that the RSI is at 62. However, although it is overbought, it still remains below its peak of 73 in October.
If this upward momentum continues, bulls could be targeting $0.500 next.
Iotex (IOTX).
IOTX also rose in double digits Tuesday as it retreated from its previous support level and recorded its highest point in two weeks.
Yesterday’s low of $0.06839 was broken by IOTX/USD, which reached a new high Tuesday at $0.07874.
Prices rose by as much at 13%. This is after the support level $0.06650 was maintained following recent attempts to breakout.
GRT has not yet reached its resistance at $.08175, but the 14-day has risen significantly since February 15, which could be a reason for bulls to return.
This ceiling could be broken and we could see a bull market similar to the one that occurred on February 8th, when prices reached a peak of $0.1290.
