On this article, BeInCrypto takes a take 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 growing 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 exterior fib retracement of the earlier 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 growing since Feb. 23. As we speak, it reached a brand new all-time excessive value of $0.122.
Nonetheless, ONE has begun to point out weak spot. 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.
Subsequently, it’s attainable that ONE reaches a high quickly and begins a corrective construction.
Pundi X (NPXS)
NPXS has been transferring 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 creating within the RSI, MACD & Stochastic oscillator.
Nonetheless, the value has already moved above the primary resistance space at $0.0044. Because it has cleared it, it’s anticipated to extend in the direction of the following resistance at $0.0062.
SC started a big improve this week and is within the course of of making a bullish engulfing candlestick.
Technical indicators are bullish. The MACD, RSI & Stochastic oscillator are growing.
The closest resistance space is discovered at $0.028. If SC manages to shut above it, it should discover the following resistance at $0.044.
Nonetheless, a short-term rejection could be anticipated previous to continuation.
FIL has been growing 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 degree, the development is taken into account bullish.
The subsequent 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 degree and validated it as resistance.
Attributable to 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 growing since Feb. 28. On March 19, it reached a brand new all-time excessive value of $21.85.
Nonetheless, it has already reached the 4.61 exterior Fib retracement of the newest drop.
Subsequently, it’s attainable that it’s going to right within the short-term. The bearish divergence within the RSI additionally helps this.
For BeInCrypto’s newest Bitcoin (BTC) evaluation, click on right here.
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