Zcash (ZEC) hits annual high – 7 altcoins with the biggest wins of the week

Bitcoin Magazine will be looking at the seven altcoins that have risen the most in the past week, from November 19th to November 26th to be precise.

These altcoins are:

• Gala (GALA): 180.0%
• Zcash (ZEC): 60.17%
• The sandbox (SAND): 59.20%
• Basic Attention Token (BAT): 41.26%
• Crypto.com (CRO): 33.27%
• Horizon (ZEN): 24.69%
• Elrond (EGLD): 24.24%

GALA

GALA has been on the rise since November 15th. In just 10 days, it’s up 755%. This resulted in a new all-time high of $ 0.84.

However, a high was taken very close to the Fib external resistance at 3,618 which often acts as resistance. In addition, the token has created a long wick at the top, which is seen as a sign of selling pressure.

If the downtrend resumes, the $ 0.50 zone should act as support.

GALA / USDT 6-hour chart | Source: TradingView

ZEC

ZEC has grown rapidly in the past seven days. So far, it’s up 116%, hitting a high of $ 305 on November 25th.

The high is just below the September annual high of $ 330. Moving over this zone could significantly accelerate the upward movement.

Conversely, the USD 205 area is expected to act as support if the downtrend resumes.

ZEC / USDT daily chart | Source: TradingView

SAND

SAND has grown rapidly since November 16th. On November 25th, it hit a new all-time high of $ 7.77. This corresponds to an increase of 271% in just eight days.

However, since then the token has gone down. Additionally, it hit a high very close to the external fib retracement resistance of $ 4.61 at $ 7.20 which often acts as resistance.

If the downtrend continues, the initial support zone will be between $ 5.27 and $ 6.03.

SAND / USDT daily chart | Source: TradingView

BAT

On November 25th, BAT broke a descending resistance line that had been in place since April. The next day, it hit a new all-time high of $ 1.86.

However, it has decreased since then, creating a long top wick that is 19% strength. It also fell below the $ 1.50 zone.

Because of this, it may have reached a local peak.

BAT / USDT daily chart | Source: TradingView

CRO

CRO has been on the rise since June 22nd and has completed a 124-day correction period. The upward move resulted in an all-time high of $ 0.955 on November 24th.

Similar to the SAND, the high was made very close to the outer fib retracement level of 4.618, which normally acts as the high.

The next support is at $ 0.64, the 0.382 fib retracement support.

Daily CRO / USDT Chart | Source: TradingView

ZEN

ZEN hit a high of $ 138.31 on November 26, but fell sharply on the same day. It is currently trying to hold above the $ 108 support area that has acted as resistance since early September.

In order for the uptrend to continue, it is important that this zone be maintained.

If so, the next resistance will be at $ 153 created by the May high.

Daily ZEN / USDT chart | Source: TradingView

EGLD

EGLD has grown rapidly since November 15th. The upside movement hit a new all-time high of $ 544.2 on November 23.

However, since then the token has gone down.

The main support area is between $ 358- $ 400 and is created by the 0.382-0.5 fib retracement support levels.

Daily EGLD / USDT chart | Source: TradingView

You can see the price of the coin Here.

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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

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