coinidol.com
This week, the best-performing altcoins have resumed a positive trend.
Cryptocurrencies have started a rise above the moving average lines in anticipation of the resumption of the positive trend.
dogwifhat
The price of dogwifhat ($WIF) has recovered from its slump by rising above the moving average lines. The cryptocurrency has risen from a low of $0.30 to a high of $1.32. The altcoin is currently trading above the support level of $1.10. Buyers have not been able to sustain the bullish momentum above the $1.20 level. Since January 25, buyers have been unable to break through resistance at $1.20. The extended candle wicks indicate considerable selling pressure at the recent high.
Meanwhile, the altcoin is bouncing off near its recent high.
$WIF is the top-performing coin. It has the following qualities:
The current price: $1.16
Market capitalization: $1,163,336,193.08
Trading volume: $1,048,868,911.07
7-day gain: 117.132%
Pepe
The price of Pepe ($PEPE) has continued to rise and remains above the moving average lines. The altcoin rose to a high of $0.000015394 before falling back below the $0.00001450 support. The altcoin's uptrend has stalled as it trades below the $0.00001450 level. Pepe has stopped below its historical price level of January 31.
Buyers have failed to break through the $0.00001450 barrier. There are long candlestick wicks pointing above the $0.00001500 high, signaling significant selling pressure. $PEPE is the second best performing coin.
The current price: $0.00001390
Market capitalization: $5,851,145,234.96
Trading volume: $1,993,106,080.06
7–day gain: 78.77%
Brett (Based)
Brett (Based) ($BRETT) is now in an uptrend. The price of the cryptocurrency is showing a pattern of higher highs and higher lows. The altcoin rose to a high of $0.090 before falling back.
Today, $BRETT has resumed its uptrend. A break above the $0.090 mark will propel the coin to a high of $0.13. The altcoin is currently trading above the $0.070 support level. $BRETT is the third best performing coin.
The current price: $0.08228
Market capitalization: $814,881,495.22
Trading volume: $55,904,671.18
7-day gain: 57.26%
SPX6900
SPX6900 ($SPX) price fluctuated above the $0.25 support before recovering above the moving average lines. $SPX rose to a high of $1.03 but is now trading below the $0.90 level. In other words, the altcoin is trading above the moving average lines but below the $0.90 resistance level. If the altcoin breaks above the $0.90 level, the market will reach a high of $1.58.
SPX6900 is the fourth largest cryptocurrency.
The current price: $0.8160
Market capitalization: $760,452,197.48
Trading volume: $33,693,220.58
7–day gain: 54.54%
Ethena
Ethena ($ENA) has broken and retested its moving average lines. The price of the cryptocurrency is making major highs and lows while staying above the moving average lines. The altcoin reached a high of $0.45 before resuming its downtrend.
Since March 25, the $0.45 barrier has halted the uptrend. $ENA will reach a high of $0.50 if the current barrier is broken. In the meantime, the stock is retesting the existing barrier to move higher. $ENA is the fifth best performing altcoin.
The current price: $0.4361
Market capitalization: $2,538,517,976.85
Trading volume: $444,287,806.69
7–day gain: 45.96%
Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.