LUNA and STX Reach New ATHs – 7 Biggest Winners of the Week
In this article, Bitcoin Magazine looks at the seven altcoins that have risen the most in the last week, from November 26th to December 3rd to be precise.
These altcoins are:
- Terra (LUNA): 71.46%
- Reserve rights (RSR): 45.04%
- Stack (STX): 35.98%
- Polygon (MATIC): 35.39%
- Ocean Protocol (OCEAN): 34.73%
- OKB (OKB): 23.61%
- Solana (SOL): 23.11%
On November 16, LUNA broke under an ascending wedge. However, it found support at $ 38.70 and started another upward move in November.
On December 3, the token hit a new all-time high of $ 69.66.
The closest resistance is between $ 80 and $ 83 and is created by both the short-term and long-term external fib retracement level at 2.61.
Daily LUNA / USDT chart | Source: TradingView
On November 29th, the RSR broke a descending resistance line that had existed since August 25th. This confirms that the short-term correction has been completed.
It then hit a high of $ 0.059 on December 2nd. However, it failed to break above the $ 0.057 (red symbol) resistance area and has been falling since then. The RSR is likely to confirm the previous descending resistance line as support.
Once the RSR breaks above the $ 0.059 area, the uptrend is expected to accelerate.
Daily RSR / USDT chart | Source: TradingView
On November 30th, the STX broke the descending resistance level that had existed since April 5th and hit a new all-time high of $ 3.25 the next day.
Although the price fell afterwards, it attempts to hold above the horizontal support area of $ 2.60 and confirm the previous descending resistance level as support. If successful, it will likely hit new highs.
Daily STX / USDT chart | Source: TradingView
MATIC has been rising along with the ascending support line since July 20th. After a brief correction on October 29th – November 18th, another rally began on November 18th.
The price is currently approaching the horizontal resistance area at $ 2.45. This is the last area of resistance before a new all-time high.
MATIC / USDT daily chart | Source: TradingView
Similar to MATIC, OCEAN has been moving along an ascending support line (green symbol) since November 18th. So far it has hit a high of $ 1.44 on December 1st.
It is currently trying to break the Fib retracement resistance level at $ 0.618 at $ 1.33. This will likely lead OCEAN to new all-time highs.
OCEAN / USDT daily chart | Source: TradingView
OKB has also been moving along a rising support line since September 16th. It last ricocheted on November 28th (green symbol).
After that, the price broke above a descending resistance line (dashed line). It is currently approaching the November high of $ 33. The uptrend should accelerate as soon as the OKB breaks out.
OKB / USDT daily chart | Source: TradingView
SOL broke a descending resistance line on November 30th. Two days later, it hit the USD 230 resistance again, which is both a horizontal resistance and a 0.618 fib retracement resistance.
The next resistance is the all time high of $ 260 and then $ 308.
SOL / USDT 6 hour 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.