Crypto Gainers Of the Day: INJ, KCS, IMX, and SNX Lead Bull Rally

Injective (INJ), KuCoin Token (KCS), Immutable (IMX), and Synthetix (SNX) have been the top gainers in the previous 24 hours.  Bulls in injectable (INJ) led the rally, driving the price to a 52-week high of $23.71 from an intra-day low of $19.38. INJ was trading at $23.01 at press time, representing a 16.85% increase from the intraday low. 

INJ Price Chart

During the rally, INJ’s market capitalization and 24-hour trading volume increased by 16.77% and 434.18%, respectively, to $1,921,234,823 and $450,527,709. 

KCS/USD

KuCoin Token (KCS) also increased greatly, rising from a low of $10.01 to a one-year high of $11.69. Furthermore, in the last 24 hours, KCS’s market capitalization climbed by 14.37% to $1,106,605,174, while its trading volume increased by 247.36% to $11,134,787. This rise in INJ’s price can be ascribed to a positive market mood and higher investor confidence. 

KCS Price Chart

At press time, KCS was trading at $11.44, up 14.37% from the intraday low. If the bulls break over the $11.69 barrier, the next level to watch is $12.50. Significantly, if the bears seize control, the major support level to watch is $11.00.

IMX/USD

Immutable (IMX) followed suit after establishing support at the 24-hour low of $1.7 and recorded a 39.62% price increase from the 7-day low. The price of IMX has risen due to significant purchasing pressure and an optimistic market mood. During the rally, bulls pushed the IMX price to a 12-month high of $2.06 before encountering some resistance. 

IMX was trading at $1.96 at publication, a 7.15% increase over the previous day’s closing price. The next probable resistance level for IMX to surpass is $2.10, which might suggest further bullish momentum in the market. 

IMX Price Chart

However, if selling pressure increases, keeping a watch on the $1.80 support level is critical to assess any potential downside risk. IMX’s market capitalization and 24-hour trading volume increased by 6.70% and 37.33%, respectively, to $2,515,568,463 and $352,579,278 showing increased interest and activity in the IMX market.

SNX/USD

Additionally, Synthetix (SNX) bulls enjoyed the better hand in the previous 24 hours, rising from an intra-day low of $4.15 to a 52-week high of $4.71. If the bullish trend continues, SNX might break past the $5.00 resistance level, drawing more buyers and propelling the price further. 

SNX Price Chart

Consequently, the bullish impetus was still in control at press time, with SNX trading at $3.85, up 3.931% from its intraday low. The market capitalization and 24-hour trading volume of SNX increased by 3.76% and 55.93%, respectively, to $1,343,812,332 and $256,117,019.

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