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Altcoins gain traction as they break above moving average lines.
$SEI and $SYRUP have broken above their moving average lines, indicating that the positive trend will continue. Other altcoins rallied and broke through their respective barriers.
$SEI
The price of $SEI ($SEI) has recovered above the moving average lines and reached a high of $0.34. After the end of the slump, the cryptocurrency has been in a sideways pattern. The altcoin is trading above the $0.13 support but below the moving average lines and resistance at $0.27. Buyers pushed the altcoin price above the moving average lines and reached a high of $0.34. The altcoin's rally was broken when it fell above the $0.27 support. $SEI will rise to a high of $0.45 if the existing support holds.
However, if the crypto price falls below the current support, it will return to its previous range. $SEI is the best performing coin.
The current price: $0.2737
Market capitalization: $1,522,906,942.71
Trading volume: $564,666,070.62
7-day gain: 51.69%
Maple Finance
Maple Finance ($SYRUP) is on the rise. The price of the cryptocurrency is constantly reaching new highs and lows. On June 25, the altcoin rose to a high of $0.65 before falling well below $0.60. The long candlewick indicates considerable selling pressure at the most recent high. Should the bulls overcome the current barrier, the market could reach a high of $0.70.
In the meantime, the altcoin is trading below the $0.60 mark. $SYRUP is the second-highest performing cryptocurrency.
The current price: $0.5962
Market capitalization: $664,201,154.51
Trading volume: $194,396,175.48
7-day gain: 15.44%
Story
Story (IP) is recovering from its slump but has stalled above the $2.40 support. Since June 19, the altcoin has been trading above the $2.40 support level but below the moving average lines. IP will rise to a high of $5.00 if buyers push the price above the moving averages. If the altcoin loses its current support, IP will fall back to its low of $1.42.
In the meantime, the altcoin will continue to trade near the support level of $2.40. IP is the third best performing coin.
The current price: $3.02
Market capitalization: $875,906,637.9
Trading volume: $23,769,728.65
7–day gain: 14.89%
Four
The price of Four ($FORM)fell to a low of $2.07, but the bulls bought the dips. The altcoin fell sharply to the downside, leaving a long candlestick in its wake. The long candlestick indicates strong buying pressure at lower prices. The altcoin recovered above the support level of $2.30 and rose above the moving average lines.
The altcoin will return to its previous high of $3.00 if it finds support above the moving average lines. $FORM will fall to a low of $3.20. $FORM is the fourth best performing altcoin.
The current price: $2.82
Market capitalization: $1,077,025,987.64
Trading volume: $12,521,242.04
7–day gain: 13.93%
Kaspa
Kaspa ($KAS) is currently in a sideways trend but has fallen below the moving average lines. The altcoin has been trading above the $0.05 support but below the $0.13 resistance level.
Currently, the price of the cryptocurrency has fallen below the moving average lines. Buyers are struggling to push the price above the moving averages. If $KAS loses its current support level of $0.06, it will fall to its all-time low.
$KAS is the fifth best performing altcoin. Here are some of its characteristics.
The current price: $0.07715
Market capitalization: $2,036,007,017.08
Trading volume: $127,646,598.96
7–day gain: 12.18%
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.