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Some cryptocurrency pairs are trending higher as the market is bullish. Some continue their uptrend after previously declining.
Once the best-performing cryptocurrencies enter a bull market, their value increases. Altcoin price analysis from Coinidol.com.
Notcoin
Notcoin (NOT) is now in an uptrend and trading in a bull market. In the price surge on May 16, the altcoin rose to a high of $0.027 before quickly falling to support at $0.007. Buyers are continuing the second leg of the uptrend to return to the previous high. The cryptocurrency has risen to a high of $0.013. It is likely that the uptrend will reach its previous high of $0.027. NOT is the best performing cryptocurrency with the following characteristics:
Current price: $0.01341
Market capitalization: $1,377,673,430
Trading volume: $717,662,381
7-day gain: 175.06%
JasmyCoin
JasmyCoin (JASMY) is gaining momentum after recovering from a recent downtrend. During the initial uptrend, the altcoin rose to a high of $0.027. Today, the bulls broke through resistance at $0.027 and continued the second leg of the rise. If the uptrend continues, JASMY will rise to a high of $0.041. The altcoin is now worth $0.033. JASMY is the second-highest performing cryptocurrency. It has the following characteristics:
Current price: $0.03476
Market capitalization: $1.74B
Trading volume: $490.75M
7-day gain: 61.86%
ORDI
After the recent rise, ORDI (ORDI) price is declining. The uptrend ended after rising to a high of $90. The bulls tested the overhead barrier twice before falling below the moving average lines. Today, the altcoin has recovered and rallied above the moving average lines. The positive momentum has extended to a high of $51 but is hitting an early resistance area at $52.50. Should the buyers break through the barrier at $52.50, the market will rise to a high of $74. However, if the bulls fail to surpass the recent high, ORDI will be forced to trade in a range that is above the moving average lines but below the recent high. It is the third best performing cryptocurrency.
Current price: $47.41
Market capitalization: $995,585,349
Trading volume: $185,597,220
7–day gain: 27.28%
Bitget Token
Bitget Token (BGB) is now in an uptrend and trading in a bull market. The price of the altcoin is showing a pattern of higher highs and higher lows. The altcoin rose twice to a high of $1.38 before being rejected. The price of the cryptocurrency is now between the moving average lines. On the upside, the market will resume its uptrend if the bulls break the resistance at $1.38. Buyers have pushed the altcoin back to $1.38, where it previously encountered resistance. The fourth best performing cryptocurrency is BGB. Here are a few key features.
The current price: $1.45
Market capitalization: $2,896,961,477
Trading volume: $66,938,918
7–day gain: 24.23%
Chiliz
Chiliz (CHZ) is on an upswing as it recovers from its previous downturn. The price of the cryptocurrency broke above the moving average lines and rose to a high of $0.167. Buyers failed to sustain the bullish momentum above the high of $0.17. On March 1, the rally ended and the cryptocurrency entered a horizontal trend. The bulls tested the overhead resistance several times but were unable to overcome it. On each occasion, the altcoin falls below the moving average lines, prompting the bulls to buy the decline. CHZ is worth $0.15 at the time of writing and is the fifth best-performing cryptocurrency. It has the following characteristics:
Current price: $0.1503
Market capitalization: $1,336,889,295
Trading volume: $143,044,436
7–day gain: 22.13%
Disclaimer. This analysis and forecast are the personal opinions of the author and 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.