Cosmos (ATOM) tests ATH again – 7 biggest winners of the week

In this article, Bitcoin Magazine takes a look at the seven altcoins that won the most in the last week, from December 31st to January 7th to be precise.

These altcoins are:

1. Cosmos (ATOM): 39.10%
2. Harmony (ONE): 34.76%
3. Fantom (FTM): 24.49%
4. Chain link (LINK): 22.06%
5. Raven Coin (RVN): 19.71%
6. Internet Computer (ICP): 12.45%
7. Yearn.Finance (YFI): 8.26%

Cosmos

ATOM broke the descending resistance line on Jan 4th. It resumed its bullish move after a slight decline and is attempting to break above the USD 44.5 resistance area. This is the last area of ​​resistance before a new all-time high.

ATOM should continue to rise and eventually hit an all-time high.

If this is successful, the next resistance will be at $ 59.77 created by the external fib retracement resistance at 1.61.

ATOM / USDT daily chart | Source: TradingView

ONE

Similar to ATOM, ONE broke out above the descending resistance line on Jan 2nd. The price returned and confirmed two days later as support (green symbol) and then initiated another upward move.

Currently, the token is trying to break the $ 0.32 horizontal resistance area. If successful, it is expected to rise to an all-time high of $ 0.38.

Daily ONE / USDT chart | Source: TradingView

FTM

FTM also broke the descending resistance line on Jan 1st. Unlike ATOM and ONE, it did not return to confirm that line as support, but continued to climb until it hit the $ 3.16 level on Jan 5th.

The token then fell, confirming the $ 2.6 area as support (green symbol).

If the uptrend resumes and FTM hits a new all-time high, the next area of ​​resistance will be at $ 4.90, created by the outer fib retracement resistance at 1.61.

Daily FTM / USDT Chart | Source: TradingView

SHORTCUT

LINK has been falling since November 10th (red icon) when it reaffirmed the resistance line of the ascending parallel channel. The decline continued through December 14, peaking at $ 15.3 (green icon). The next bounce is used to validate the support line of the channel.

Currently, LINK is trading very close to the centerline of the channel. Whether it succeeds in regaining the center line (green circle) or falling back to the support line will likely determine the direction of the future trend.

Daily LINK / USDT chart | Source: TradingView

RVN

On January 4th, the RVN broke above a descending resistance level that has been in place since August 11th. This confirms that the short-term correction has been completed.

The token then validated this line as support (green symbol) and has been rising steadily since then. Starting from the low of December 4th, the token has gained 80%.

The main area of ​​resistance is at $ 0.156, created by the August high, and moving above this level will accelerate the upside move.

Daily RVN / USDT Chart | Source: TradingView

ICP

In December (green circle) the ICP broke below the $ 29.50 zone. The place has been supporting the award since July.

However, the token regained its position and started an uptrend on January 1st that attempted a breakout on January 5th.

Even so, ICP was rejected by a descending line of resistance. When it breaks out, the next resistances are between $ 46.5 and $ 54.2.

Daily ICP / USDT Chart | Source: TradingView

YFI

Similar to ICP, YFI broke below the USD 27,500 support area on December 4th. However, it started an uptrend and reclaimed the area on December 17th.

It currently trades in a range of $ 27,500 to $ 42,300. Moving upward above the resistance area could accelerate the upward movement.

Daily YFI / USDT Chart | 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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