Top 7 Altcoin winners of the week: AXS, TEL, SUSHI, OKB, DASH, FTT, LUNA

Bitcoin Magazine will check out the seven altcoins which have risen the most over the previous seven days from July 16-23.

These altcoins are:

1. Axie Infinity (AXS) – 28.49%
2. Telcoin (TEL) – 26.59%
3. SushiSwap (SUSHI) – 26.18%
4. OKB (OKB) – 19.30%
5. Dash (DASH) – 18.40%
6. FTX token (FTT) – 16.51%
7. Terra (LUNA) – 12.34%

AXS

AXS has been on the rise since July 20 after falling as little as $ 14.10. It rose 125% over a three-day interval resulting in a brand new all-time excessive of $ 31.94 on July 23.

AXS remains to be on the up and has proven no indicators of weak point. MACD and RSI are each rising.

The subsequent resistance is at $ 38.42. This is the Fibonacci retracement stage exterior of 1.61.

(*7*)

AXS / USDT 6-hour chart | Source: TradingView

TEL

On May 19, TEL fell as little as $ 0.0095. After a rally and correction, it returned to this stage on July twentieth.

This created a double backside and the TEL has elevated since then. Technical indicators present some bullish indicators, corresponding to a possible bullish cross in the Stochastic oscillator.

TEL can be transferring alongside a descending resistance line. If there’s a breakout, the subsequent resistance is at $ 0.03.

Daily TEL / USDT chart | Source: TradingView

SUSHI

SUSHI has been transferring alongside a descending resistance line since May twentieth.

The price broke above this line on June twenty seventh and continued to hit a excessive of $ 9.72 on July seventh. However, the price was declined from the $ 9.5 zone and started to fall.

This resulted in a drop into the $ 6.20 zone, the place the price has been examined 4 occasions since May nineteenth.

SUSHI is at the moment trading in a spread of $ 6.20 to $ 9.50. A breakout throughout the vary might set off a powerful rally.

SUSHI / USDT 6-hour chart | Source: TradingView

OKB

OKB has risen since June twenty second. It hit its first greater low on July 20 and continued to climb quickly.

The price is transferring alongside an ascending resistance line and has touched it for the third time (purple symbol). Additionally, this line coincides with the 0.5 fib retracement resistance at $ 13.75.

A break above this line might set off a powerful transfer greater in direction of the higher finish of the vary at $ 19, the MACD and RSI are each bullish and assist the continuation of the uptrend.

OKB / USDT 6-hour chart | Source: TradingView

LINE

DASH has been transferring alongside a descending resistance line since May twentieth. Price broke above this line on July 19 and confirmed it as assist the subsequent day.

Since then, costs have risen.

The primary resistance is at $ 190. This is the 0.618 fib retracement resistance.

DASH / USDT 6-hour chart | Source: TradingView

FTT

The FTT has been transferring alongside a descending resistance line since May twenty seventh. While under resistance, it hit a low of $ 21.83 on June 26.

Since then, the FTT has elevated and made one other try to interrupt the falling resistance line.

If profitable, the FTT is more likely to transfer in direction of the $ 37 resistance space.

MACD and RSI are each bullish.

FTT / USDT 6-hour chart | Source: TradingView

LUNA

LUNA has risen together with an ascending assist line since May twenty third. It hit a second greater low on July 20.

MACD and RSI are each rising, which helps the continuation of the uptrend.

The closest resistances are at $ 10 and $ 11.83. These are the 0.382 and 0.5 Fib retracement resistance values, respectively. The latter can be a horizontal stage of resistance.

LUNA / USDT 6-hour chart | Source: TradingView

Disclaimer: This article is for informational functions solely, not funding recommendation. Investors ought to analysis rigorously earlier than making a call. We aren’t chargeable for your funding choices.

SN_Nour

According to the Leg crypto

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