Bitcoin Magazine will analyze last week’s top 5 altcoin winners to see if their rally can continue or not?

Last week’s five biggest altcoin winners were:

1. Celer network (CELR): 96.76%
2. COTI (COTI): 47.74%
3. XDC Network (XDC): 40.08%
4. Thread (REN): 38.10%
5. Terra (LUNA): 21.34%

CELR

CELR has moved higher since breaking the $ 0.093 resistance area on September 15th. While it deviated below this zone (red circle) on September 21, it continued to climb at a faster rate.

This resulted in a new all-time high of $ 0.198 on September 26th.

Thereafter, CELR was able to validate the USD 0.154 area as support. This is the external fib retracement level of 1.61 when measuring the previous drop.

The next resistance is at $ 0.239, the outer fib retracement level at 2.61.

Daily CELR / USDT Chart | Source: TradingView

COTI

COTI has moved up since breaking the descending resistance line and confirming it as support on Sep 7th (green symbol).

It then continued to rise and on 25.

COTI is currently trading above the $ 0.48 horizontal support area and has confirmed this as support.

If the uptrend resumes, the next resistance will be found at $ 0.91. This is the external fib retracement resistance of 1.61 when measuring the previous drop.

COTI / USDT daily chart | Source: TradingView

XDC

XDC has been rising along with the ascending support line since June 22nd. It has confirmed this line several times so far, most recently on September 21.

After impact, XDC broke out above the briefly descending resistance line (dashed line). The breakout is supported by the MACD and the RSI, which are both bullish.

The next resistance is at $ 0.158. If this level is conquered, it could hit a new all-time high.

Daily XDC / USDT chart | Source: TradingView

TOP

REN has moved up since breaking above the $ 0.62 resistance area and subsequently confirming it as support (green symbol).

However, the price was declined from the resistance area of ​​$ 1.22 on September 24th. This is the 0.618 fib retracement resistance when measuring the previous decline.

In addition, the RSI has created bearish divergence.

Hence, the trend cannot be considered bullish until REN can break this level.

Daily REN / USDT Chart | Source: TradingView

LUNA

LUNA has fallen along with a descending resistance line since September 11th, after hitting an all-time high of $ 45, leading to a low of $ 23.95 on September 21st.

As it hit the low, LUNA bounced up and broke out above the descending resistance line. It has also regained the $ 36 horizontal zone that is currently serving as support.

MACD and RSI are rising even if they don’t show significant strength. The MACD is in positive territory and the RSI is above 50.

If another upward move occurs, the next areas of resistance will be the all-time highs at $ 45 and $ 58 (external fib retracement resistance 1.61).

Daily LUNA / USDT chart | Source: TradingView

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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.

SN_Nour

According to Beincrypto

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