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QKC, GAS, and STRAX: Top Rallying Tokens Today
In the crypto market today, several tokens have seen significant rallies. Among them are QuarkChain (QKC), Gas (GAS), and Stratis (STRAX). While QKC’s surge may be attributed to an ascending triangle pattern, GAS has gained traction due to its potential for further growth. Meanwhile, STRAX is showing promise with the formation of a similar setup.
One such token that caught attention is QuarkChain (QKC) as it attempts to break past the resistance level formed by the ascending triangle. The ascending triangle is a type of bullish setup where an upward trendline connects swing lows while a horizontal line connects swing highs. This suggests an increasing demand for QKC and could lead to further upward momentum if successful.
The technical pattern also provides a clear framework for assessing potential price movements in the short-term. If bulls are successful, they would have to overcome resistance from Fib retracement levels around $0.0122 and $0.0134 before reaching their target near $0.015. However, failure to breach these levels could result in a decline back to the support at $0.0105.
Gas (GAS) has seen significant growth as well, fueled by its potential for future expansion. This rally is attributed to an ascending triangle pattern forming on the daily charts.
Stratis Token (STRAX) Rallying On Hype And Technical Pattern
Source: coinchapter.com
