Following a slow start to the day, cryptocurrency markets rebounded during the afternoon, as bulls regained optimism prior to Wednesday’s FOMC meeting. GRT was one of the biggest to climb, with IOTX also recording double digit gains.On Tuesday, GRT rose to its highest level since February 18, leading Tuesday’s gainers, following a choppy trading session.
As of writing this, GRT/USD was trading 20.6% higher, after it hit an intraday peak of $0.432, which came as prices broke past resistance of $0.374.This move came as the 14-day Relative Strength Index also rose past its own ceiling of 56.05, which took place for the first time since November 27. Should this upward momentum continue, it is likely that bulls will be targeting the $0.500 level next.IOTX also rose by double digits on Tuesday, as it rallied away its recent support level, recording its highest high in two weeks.
Data are the next gold nuggets.
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