NEAR is up 63% since its December 4th low – 7 biggest winners of the week
Bitcoin Magazine will take a look at the seven altcoins that posted the biggest gains in the last week, from December 3rd to 10th to be precise.
These altcoins are:
- River (FLUX): 69.09%
- Near protocol (NEAR): 16.30%
- DeFiChain (DFI): 4.93%
- UNUS SED LEO (LEO): 4.74%
- Bit Torrent (BTT): 3.39%
- Terra (LUNA): 2.25%
- Huobi Token (HT): 1.64%
On December 10th, FLUX started a clear upward trend. This resulted in a high of $ 2.90. It’s just $ 0.06 below its current all-time high of $ 2.96.
However, the price fell shortly thereafter, creating a long top wick that was 22.5% strength.
However, it seems clear that FLUX has broken the descending resistance line since the all-time high on November 12th, so the correction is likely to have completed.
If the token hits a new all-time high, the next resistance will be at $ 4.13. This is the external fib retracement resistance of 1.61 when measuring the total decline.
Daily FLUX / USDT chart | Source: TradingView
On December 4th, NEAR appeared to have dropped below the $ 7.20 zone. Similar to September – October (red circle), however, the token bounced off and then regained this zone.
Since then the price has increased 63%.
Such deviations are often followed by clear movements in the other direction. Hence, it is possible that NEAR will continue to climb to new all-time highs.
NEAR / USDT daily chart | Source: TradingView
On December 2, the DFI turned up significantly and erupted over an ascending parallel channel. On the same day, it hit a high of $ 6, just below the current all-time high of $ 6.03.
However, the subsequent decline confirmed the USD 5.55 area as resistance. This is the last area of resistance before hitting the all-time high.
Therefore, a breakout above it can greatly accelerate the upward rate.
DFI / USDT daily chart | Source: TradingView
LEO has been rising slowly since May 28th. So far it has risen nearly 82%.
It is approaching the current all-time high of $ 3.92.
If it manages to move above it, the next resistance area will be at $ 5.07.
Daily LEO / USDT Chart | Source: TradingView
BTT has been rising along with the ascending support line since June 22nd. More recently, it emerged from that line on December 4th, confirming it as a support for the third time.
BTT has since rebounded and is approaching the $ 0.005 resistance area established in August, moving above it could accelerate the upside significantly.
Daily BTT / USDT chart | Source: TradingView
LUNA has risen since November 24th. On December 4th, it hit a new all-time high of $ 78.22, up 81.5% since November 24th.
In measuring the previous decline, the high was brought very close to both the long-term (black) and short-term (white) 2.61 external fib retracement levels.
However, the token has created what looks like a double top (red symbols) in what is considered a bearish reversal pattern.
Therefore, LUNA is likely to decline in the short term.
Daily LUNA / USDT chart | Source: TradingView
On December 4th, HT hit as low as $ 7 and bounced back. The rebound created a very long lower wick, which is considered a sign of buying pressure. Additionally, it confirmed the USD 7.70 area as support.
If HT continues to rise, the next resistances will be $ 11.20 and $ 14.30.
Daily HT / USDT Chart | Source: TradingView
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