BeInCrypto breaks down a few of the greatest altcoin movers and shakers from the earlier week. Will their momentum proceed?
In the course of the week of Feb 8 -15, these 5 altcoin picks rallied probably the most:
Largest Altcoin Gainers
BTG has elevated significantly over the previous two weeks however has but to maneuver above an essential resistance space at $32.
RVN reached an all-time excessive worth of $0.09 on Feb. 14 and is at present within the strategy of validating the earlier all-time excessive resistance space as assist.
DASH has already moved above the long-term $236 resistance space and may proceed growing at an accelerated fee.
Regardless of reaching an all-time excessive of $2.81 on Feb. 11, the shortage of worth historical past for GRT makes evaluation of the token tough.
LSK reached an all-time excessive worth of $4.93 on Feb. 14 however has fallen barely since, retesting the all-time excessive resistance space, above which it beforehand broke out from.
The BTG chart reveals an enormous upward transfer that has been occurring since a breakout from it validated a long-term descending resistance line as assist (inexperienced arrow).
Since then, the BTG enhance has turned parabolic, reaching a excessive of $33 thus far. All three of the: RSI, MACD, and Stochastic Oscillator are nonetheless growing, suggesting that the development is bullish.
Nevertheless, till BTG breaks out from the $32 space and validates it as assist, the upward transfer shouldn’t be but confirmed.
BTG has not reached an in depth above this stage since Jul. 2018. If it does so efficiently, the speed of enhance ought to considerably speed up.
RVN elevated significantly final week, reaching an all-time excessive worth of $0.09 within the course of. Whereas RVN has fallen barely since, it’s within the strategy of validating the earlier all-time excessive resistance space at $0.075 as assist.
Technical indicators are bullish since all three of the: MACD, RSI, and Stochastic Oscillator are growing. As soon as RVN manages to clear this space and validate it as assist, the speed of enhance is prone to speed up.
Final week’s rally took DASH above the $236 resistance space, the 0.382 Fib retracement stage of the latest downward transfer. Beforehand, DASH had traded beneath this stage since Apr. 2018.
Presently, DASH is within the strategy of shifting above this space, one thing which may set off an accelerated rally in the direction of the subsequent resistance space at $571.
Technical indicators are bullish and assist the continuation of the upward motion.
The GRT chart reveals a big upward motion that has been occurring for the previous week. This led to an all-time excessive worth of $2.81 on Feb. 12. GRT fell shortly afterward however has regained nearly all of its losses since then.
Earlier than Dec. 17, 2020, the shortage of worth historical past makes it tough to assemble a correct evaluation of the token.
LSK has elevated immensely over the previous three days, reaching an all-time excessive worth of $4.70 on Feb. 14. Whereas it has dropped considerably since then, the decline served to validate the $2.90 space as assist, leaving an extended decrease wick behind.
Technical indicators are bullish, and since there isn’t any resistance above the present worth, the speed of enhance could considerably speed up from right here on out.
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