In this article, Bitcoin Magazine will take a look at the seven top-winning altcoins in the past week to determine their next outlook.
These altcoins are:
DUSK has been up since December 5th, when it was trading at $ 0.186. The upside movement hit an all-time high of $ 0.66 on December 15th.
DUSK has fallen slightly since then and is currently trading at $ 0.52. If the downtrend resumes, the next support will be at $ 0.42, resistance at the previous all-time high.
Conversely, the next resistance area is between $ 0.69-0.75, which is created by the long-term external fib retracement level of 1.61 (black) and the short-term external fib retracement level of 2.61 (white) .
DUSK / USDT 2-day chart | Source: TradingView
ANT has moved up since it ricocheted on December 4th (green icon). On December 16, it hit a high of $ 7.63. However, it has gradually decreased since then.
The downside move was used to confirm the $ 7.25 area and the resistance line of an ascending parallel channel is the resistance.
Unless ANT breaks above these two levels, the trend cannot be considered bullish.
ANT / USDT daily chart | Source: TradingView
On December 10th, FLUX broke out above a descending resistance line that had formed since the all-time high of November 10th, indicating that the correction is over.
On December 15, the price returned to confirm it was support (green symbol).
FLUX is trying to break the USD 2 resistance area and if it succeeds it will likely rise to new all-time highs.
Daily FLUX / USDT chart | Source: TradingView
On December 1, SYS hit a high of $ 0.89. This is very close to the annual high of $ 0.92. After a short-term decline, the token has regained its position and is now making another attempt to break out.
Additionally, it appears to be moving along an ascending support line which, when combined with the USD 0.92 resistance, forms an ascending triangle.
In the event of an outbreak, the rate of increase is expected to accelerate.
Daily SYS / USDT chart | Source: TradingView
OKB has risen along with an ascending support line since September 26th. More recently, it confirmed the line on December 4th and 11th (green symbol).
It is currently in the process of breaking above the USD 32 resistance area and if it succeeds OKB is likely to climb to the USD 42.5 zone created by the all-time high.
OKB / USDT daily chart | Source: TradingView
QNT has fallen since it hit an all-time high of $ 429 on September 11. It’s down 57% so far.
However, the token bounced off on December 4th, creating a long wick below (green symbol and confirmation of the $ 150 range as support.
If the uptrend is to continue, the next resistance is at $ 260.
QNT / USDT daily chart | Source: TradingView
Between December 4th and December 11th, AVAX hit a triple (green symbol) of the USD 78 support area that previously acted as resistance at all-time highs.
It has risen since then, hitting a high of $ 110 on December 16, 30% below its all-time high.
Currently, AVAX is trying to break the USD 103 resistance area, which will be the last area before hitting an all-time high.
AVAX / USDT daily chart | Source: TradingView
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