In this article, I will take a look at the seven altcoins that increased the most over the past seven days (September 10th to September 17th). Note these are top gainers in top 200, there are other projects that have gained more that have smaller market caps. Those altcoins were -
- Celer Network (CELR): 74.62%
- Avalanche (AVAX): 49.83%
- Hedera Hashgraph (HBAR): 42.91%
- Cosmos (ATOM): 36.47%
- Curve DAO Token (CRV): 31.74%
- Audius (AUDIO): 28.72%
- SushiSwap (SUSHI): 28.22%
CELR has been moving upwards since July 20. On Sept 8, it created a higher low and began to accelerate.
It broke out from the previous all-time high resistance area of $0.092 on Sept 14 and validated it as support the next day (green icon). This led to a new all-time high price of $0.123 on Sept 17.
Technical indicators are bullish since both the MACD and RSI are increasing and neither has generated a bearish divergence.
The next closest resistance area is found at $0.154. This is the 1.61 external Fib retracement resistance level.
On Aug 24, AVAX reached a high of $58.98 but fell afterward. This led to a low of $32.23 being reached on Sept 7.
AVAX has been moving upwards since this low and broke out above the $50 resistance area on Sept 11. It returned to validate the level as support two days later.
The bounce that followed took AVAX to a new all-time high price of $68.89 on Sept 17.
Both the RSI and MACD are increasing, supporting the continuation of the upward movement.
The next resistance target is found at $75. This is the 1.61 external Fib retracement resistance level.
HBAR has been increasing since breaking out from a descending parallel channel on Aug 31. The upward move accelerated after Sept 7, leading to a new all-time high price of $57.60 on Sept 16.
The previous all-time high resistance of $41 is now expected to act as support.
The RSI and MACD both support the continuation of the upward movement. The next closest resistance area is found at $0.645.
ATOM has been increasing above a parabolic ascending support line since June 20. It reached a new all-time high price of $38.95 on Sept 13.
ATOM appears to be in the fifth and final wave of a bullish impulse.
There is a resistance zone between $45.70-$47.22. This target area is created by the 1.61 external Fib retracement level (black) and the 1.61 length of waves 1-3 (orange).
CRV has been increasing since breaking out from a descending resistance line on July 27.
After initially struggling with the $2.45 resistance area, it finally managed to break out on Sept 14. This coincided with a breakout above the bearish divergence trendline of the RSI (blue line).
The next closest resistance area is found at $3.65.
AUDIO has been decreasing since reaching a high of $4.07 on Aug 17. The downward move led to a low of $1.81 on Sept 7.
After this, AUDIO broke out from a descending resistance line. The breakout is supported by the MACD and RSI, which are both increasing.
The closest resistance area is found at $4.05.
SUSHI began an upward move on Sept 13 and broke out from a descending resistance line two days later. This led to a high of $16.20 on Sept 16.
SUSHI has been decreasing since then, falling back below the resistance line. It appears to be in the process of completing a fourth wave pullback.
Doing so could take SUSHI back toward $18.
What do you currently think about the market? Are any of these projects your favourites? What projects will make the cut next week? Leave a comment and let's get some dialougue going! If you like this type of content, consider following me here and leaving a tip.
Also if you are on Twitter, I am currently holding a Bitcoin Giveaway, where you have the chance to win $100 worth of BTC. You can check it out on the pinned message on my Twitter - https://twitter.com/dizzlecrypto.
Until next time, stay classy!