Top 7 Altcoin winners of the week: CELR, AVAX, HBAR, ATOM, CRV, AUDIO, SUSHI
Bitcoin Magazine will analyze the seven altcoins that have risen the most in the past seven days to see if their momentum can continue.
These top bullish altcoins are:
- Celer network (CELR): 74.62%
- Avalanche (AVAX): 49.83%
- Hedera hash graph (HBAR): 42.91%
- Cosmos (ATOM): 36.47%
- Curve DAO Token (CRV): 31.74%
- Audio (AUDIO): 28.72%
- SushiSwap (SUSHI): 28.22%
CELR has been moving up since July 20th. On September 8th it hit a higher low and began to accelerate.
The price broke the resistance area at the previous all-time high of $ 0.092 on September 14th and confirmed it as support the next day (green symbol). This resulted in a new all-time high of $ 0.123 on September 17th.
The technical indicators are bullish as both the MACD and RSI are rising rather than creating bearish divergence.
The next area of resistance is at $ 0.154. This is the Fibonacci retracement resistance level outside of 1.61.
Daily CELR / USDT Chart | Source: TradingView
AVAX peaked at $ 58.98 on August 24, but then declined. This resulted in a low of $ 32.23, which was hit on September 7th.
AVAX rebounded from that low and broke the USD 50 resistance area on September 11th. He returned two days later to confirm support.
The subsequent rally took AVAX to a new all-time high of USD 68.89 on September 17th.
Both the RSI and the MACD are rising and supporting the continuation of the uptrend.
The next resistance target is at $ 75. This is the external fib retracement resistance at 1.61.
AVAX / USDT daily chart | Source: TradingView
The HBAR has been moving up since it erupted through a descending parallel channel on Aug. 31. The upside accelerated after September 7th leading to a new all-time high of $ 57.60 on September 16th.
The previous all-time high of $ 41 should now serve as support.
RSI and MACD both support the continuation of the uptrend. The closest resistance is at $ 0.645.
Daily HBAR / USDT Chart | Source: TradingView
ATOM has risen along the parabolic ascending support line since June 20th. On September 13, it hit a new all-time high of $ 38.95.
ATOM appears to be on the fifth and final wave of a bullish impulse.
There is a resistance range at $ 45.70 to $ 47.22. This target area is created by the 1.61 outer fib retracement level (black) and the 1.61 length of waves 1-3 (orange).
ATOM / USDT daily chart | Source: TradingView
CRV has moved up since breaking above the descending resistance line on July 27th.
After struggling with the $ 2.45 resistance area, it was finally exceeded on September 14th. This coincided with a breakout above the bearish divergence of the RSI (blue line).
The closest resistance is at $ 3.65.
Daily CRV / USDT Chart | Source: TradingView
AUDIO has fallen since hitting a high of $ 4.07 on August 17th. The downward move resulted in a low of $ 1.81 on September 7th.
Then AUDIO broke out above a descending resistance level. The breakout is supported by the MACD and the RSI, which are both bullish.
The next resistance is at $ 4.05.
AUDIO / USDT daily chart | Source: TradingView
SUSHI started rising on September 13th and broke the descending resistance line two days later. This resulted in a high of $ 16.20 on September 16.
SUSHI has since fallen below the resistance line. It appears to be about to complete a pullback with wave 4.
This could bring SUSHI back to $ 18.
SUSHI / USDT 6-hour chart | Source: TradingView
Here you can see the altcoin prices.
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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
According to Beincrypto