BeInCrypto breaks down a number of the greatest altcoin movers and shakers from the earlier week. Will their momentum proceed?
Through the week of March 8 – March 15, these had been the most important altcoin gainers:
- Chiliz (CHZ) – 363%
- Holo (HOT) – 170%
- Hedera Hashgraph (HBAR) – 158%
- Concord (ONE) – 146%
- Theta Gas (TFUEL) – 143%
Greatest Altcoin Gainers
CHZ reached an all-time excessive value of $0.94 on March 10. The rally is totally parabolic and a few kind of retracement is anticipated.
Each HOT and HBAR reached new all-time excessive costs of $0.0095 and $0.455 respectively on March 15. Each altcoins have created lengthy higher wicks since then.
ONE additionally reached a brand new all-time excessive on March 15. Nonetheless, it’s doubtlessly within the course of of making a capturing star candlestick.
TFUEL is buying and selling inside a short-term descending parallel channel which it might get away from within the close to future.
Within the interval of March 2 – March 10, CHZ elevated by a large 1,600%. This led to an all-time excessive value of $0.94. CHZ has additionally moved above all-important exterior Fib retracement ranges.
CHZ has been shifting downwards since and created successive lengthy higher wicks. As well as, the RSI has been overbought for a full 14 days.
Whereas a parabolic altcoin rally can all the time proceed, it will make sense for CHZ to retrace in the direction of the 0.5-0.618 Fib assist ranges at $0.38-$0.49. After that, CHZ might create some form of consolidation construction earlier than deciding on the course of the development.
HOT has been rising quickly since turning the earlier all-time excessive resistance to assist on March 5.
The following upward transfer will increase by 328%, taking HOT to an all-time excessive value of $0.0095 on March 15.
The excessive was made proper on the 3.61 exterior Fib retracement, a possible reversal space.
Whereas HOT might enhance all the way in which to the 4.61 Fib retracement at $0.011, an eventual correction is anticipated.
Hedera Hashgraph (HBAR)
HBAR has been shifting upwards since Feb. 23. It has been on an absolute tear over the previous two days, at one level rising by 62%. This led to an all-time excessive of $0.45 on March 15.
There isn’t a weak point within the MACD or RSI. Nonetheless, HBAR has already moved above the 4.61 exterior Fib retracement of the latest drop. This stage typically acts as the highest throughout parabolic actions comparable to these.
If HBAR begins to right, it might discover assist close to $0.27.
ONE reached a brand new all-time excessive value of $0.108 on March 15. Nonetheless, it has created a really lengthy higher wick and is doubtlessly making a bearish shut. This might create a capturing star candlestick — a typical bearish reversal signal.
ONE has almost reached the 4.61 exterior Fib retracement of the latest enhance. That is additionally a possible reversal space.
If ONE corrects, it ought to discover assist between $0.051-$0.062.
Theta Gas (TFUEL)
TFUEL has been shifting downwards since March 12 after it reached a brand new all-time excessive value of $0.459.
Nonetheless, the lower seems to be corrective, as TFUEL is buying and selling inside a parallel descending channel.
Due to this fact, it’s potential that TFUEL bounces at one of many assist ranges at $0.32 or $0.27 earlier than breaking out.
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