In this article, Bitcoin Magazine will take a look at the seven altcoins that saw the biggest gains in the last week, from December 17th to 24th to be precise.
These altcoins are:
On December 15th, NEAR broke the descending resistance line and hit a new all-time high of $ 17.50.
However, it produced a long upper wick on the same day and fell back below that line.
It then started another upward move and broke both the resistance line and the $ 12.20 resistance area on December 23rd. It is currently approaching its current all-time high.
There is a chance NEAR will rise to $ 23.
NEAR / USDT chart Daily | Source: TradingView
ELON has had a strong rally since early October, leading to an all-time high of $ 0.000026 on October 30th.
It then went back along with a descending resistance level and fell as low as $ 0.00000093 in December.
The price has risen since then, breaking the descending resistance line on December 21st.
It is currently trying to move above the $ 0.00000018 resistance area, which corresponds to the 0.5 fib retracement resistance.
ELON / USDT chart Daily | Source: TradingView
LUNA has risen rapidly since December 14th. On December 22nd, it hit an all-time high of $ 98.20. The high was made just above the outer fib retracement level of 1.61 (black) when the recent decline was measured.
After the initial rejection, LUNA found a foothold again and started another upward movement. That move resulted in a new all-time high of $ 101.2 on December 24th.
The closest resistance is between $ 116 and $ 120 created by the 2.61 external fib retracement level (black) and 1.61 times the previous upward move (white).
LUNA / USDT chart Daily | Source: TradingView
AAVE fell slightly below the $ 176 support area on December 14th and last fell to that level in June.
While the price broke out initially, it hit a double bottom and has since moved up.
Currently, the price is approaching the descending resistance line formed since May.
If the move is successful, the next resistance will be at $ 422.
AAVE / USDT. diagram Daily | Source: TradingView
On December 4, FTM hit a low of $ 1.14 and bounced back. This move confirmed the USD 1.15 area of support.
Since then, FTM has grown and has grown by 75% to date.
Similar to the AAVE, it is trading along a descending resistance line currently at $ 2.10.
A break above this line can bring the token into the USD 2.60 zone.
FTM / USDT. Chart Daily | Source: TradingView
On December 4th, CRV bounced off the previous descending resistance line, confirming it as support (green symbol). The price has since rebounded and shortly thereafter returned to the horizontal zone of $ 4.05.
It is currently trying to move above the 0.618 fib retracement resistance level at $ 5.03. If it succeeds, it could rise to a new all-time high.
CRV / USDT chart Daily | Source: TradingView
SUSHI has been bearish since the all time high on May 23rd along with a descending resistance line. This resulted in a low of $ 4.33 on December 4th.
Similar to AAVE, it initially looked like SUSHI broke below the $ 6.45 horizontal zone.
After that, however, the price reached this zone again and rose. It is currently approaching the descending resistance line at $ 8.50.
SUSHI / USDT. diagram Daily | Source: TradingView
You can see the coin prices 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.
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