On this article, BeInCrypto takes a have a look at the seven altcoins that elevated probably the most over the previous seven days (March 12 – March 19).
These altcoins are:
- Holo (HOT) – 160%
- Concord (ONE) – 140%
- Pundi X (NPXS) – 118%
- Siacoin (SC) – 96%
- Filecoin (FIL) – 94%
- Decentraland (MANA) – 78%
- Terra (LUNA) – 72%
HOT has been rising quickly over the previous two weeks. On March 15, it reached an all-time excessive value of $0.0095. The excessive was near the three.61 external fib retracement of the previous drop.
Technical indicators are nonetheless bullish; thus, the upward motion might proceed. If that’s the case, HOT would discover the following closest resistance space at $0.011. That is the 4.61 exterior fib retracement of the identical downward transfer.
ONE has been rising since Feb. 23. Immediately, it reached a brand new all-time excessive value of $0.122.
Nevertheless, ONE has begun to indicate weak point. Each the RSI & Stochastic oscillator have generated bearish divergence.
Additionally, ONE is buying and selling near a confluence of Fib resistance ranges. They’re discovered between $0.119-$0.127.
Due to this fact, it’s attainable that ONE reaches a prime quickly and begins a corrective construction.
Pundi X (NPXS)
NPXS has been shifting upwards since Feb. 28. It reached a brand new all-time excessive of $0.0052 on March 19.
Just like HOT, quite a few bearish divergences are growing within the RSI, MACD & Stochastic oscillator.
Nevertheless, the worth has already moved above the primary resistance space at $0.0044. Because it has cleared it, it’s anticipated to extend in direction of the following resistance at $0.0062.
SC started a big enhance this week and is within the course of of making a bullish engulfing candlestick.
Technical indicators are bullish. The MACD, RSI & Stochastic oscillator are rising.
The closest resistance space is discovered at $0.028. If SC manages to shut above it, it’ll discover the following resistance at $0.044.
Nevertheless, a short-term rejection could be anticipated previous to continuation.
FIL has been rising since breaking out from the $52.5 resistance space on March 15. After two days, it reached a excessive of $97.30. It has decreased barely since then however validated the $77 space as assist.
So long as FIL is buying and selling above this stage, the development is taken into account bullish.
The following resistance areas are discovered at $110 and $132.
MANA has elevated significantly since March 11. On March 14, it reached a brand new all-time excessive value of $0.1249. This was simply above the 4.61 exterior Fib retracement at $1.10.
Since then, MANA has fallen under this stage and validated it as resistance.
On account of this motion and the bearish divergence within the RSI, MANA might right within the short-term.
If that’s the case, the closest assist space is discovered at $0.72.
LUNA has been rising since Feb. 28. On March 19, it reached a brand new all-time excessive value of $21.85.
Nevertheless, it has already reached the 4.61 exterior Fib retracement of the latest drop.
Due to this fact, it’s attainable that it’ll right within the short-term. The bearish divergence within the RSI additionally helps this.
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