Bitcoin Magazine will analyze the seven altcoins which have risen the most in the previous seven days to see if their momentum can proceed.

These altcoins are:

1. My Neighbor Alice (ALICE) – 118.64%
2. Quantity (QNT) – 69.50%
3. Amps (AMP) – 60.48%
4. OKB (OKB) – 43.10%
5. Terra (LUNA) – 41.93%
6. Axie Infinity (AXS) – 35.14%
7. Ankr (ANKR) – 32.46%

ALICE

ALICE broke out on July twenty fourth through an ascending parallel channel. The price then returned to be confirmed as assist on July twenty seventh (inexperienced icon). This resulted in a excessive of $ 16.50 that was hit on July twenty ninth. ALICE has not but reached the resistance space of ​​$ 18.20 and has began to fall.

The fundamental assist ranges are at $ 11.70 and $ 10.25. The first stage is the .382 fib retracement assist and a horizontal assist space. The latter is the 0.5 fib retracement assist and the resistance stage of the channel that ALICE broke lately.

(*7*)

ALICE / USDT 6-hour chart | Source: TradingView

QNT

QNT has been combating since 25.

After three unsuccessful makes an attempt to interrupt out, QNT lastly erupted on July twenty ninth. It hit a brand new all-time excessive of $ 150 on the identical day. The excessive was hit simply above the exterior fib retracement resistance of $ 1.61 from $ 138.

The $ 96 zone is anticipated to behave as assist whereas the subsequent resistance shall be at $ 189, the outer fib retracement stage at 2.61.

QNT / USDT every day chart | Source: TradingView

AMP

AMP has been on the rise since June 20, when the token was trading at $ 0.038. The uptrend was speedy, hitting a excessive of $ 0.092 on July twenty sixth.

However, the price failed to carry the larger ranges and created a protracted higher wick (purple symbol). This confirmed the 0.618 fib retracement resistance at $ 0.09 as resistance.

AMP has been in retracement since then, looking for assist. The fundamental assist space is at $ 0.065.

Daily AMP / USDT Chart | Source: TradingView

OKB

OKB has risen since June twenty second. The price broke a rising parallel channel on July 23 and confirmed it as assist the subsequent day (inexperienced symbol).

The price has accelerated since then, peaking at $ 19.36 on July twenty eighth.

However, OKB has been rejected from the $ 18.80 resistance space and seems to be making a double excessive.

If a bearish transfer follows, the closest helps are at $ 15.55 and $ 14.38. These are the 0.382 and 0.5 Fib Retracement Support Levels.

OKB / USDT 6-hour chart | Source: TradingView

LUNA

LUNA has been falling since March 31, when it hit an all-time excessive of $ 22.4.

It has been rejected from that line a number of instances since its sharp decline on May nineteenth.

LUNA began an uptrend on June twenty second and hit a better low on July twentieth.

However, it was rejected once more on July twenty ninth by this line (purple symbol). At that point, that line additionally coincided with the horizontal resistance space of ​​$ 11.60.

The fundamental assist space is $ 8.30.

Daily LUNA / USDT chart | Source: TradingView

AXS

AXS has been rising quickly since July twentieth. In simply seven days, the token rebounded 275%, resulting in a brand new all-time excessive of $ 53.50 on July twenty seventh.

The excessive got here proper at the Fibonacci outer retracement resistance stage at 2.61. Also, it has created 3 lengthy prime wicks (purple symbol) in the previous 5 days, an indication of the stress to promote.

AXS has since fallen.

The subsequent crucial assist is at $ 29.23, the fib retracement assist at 0.618 and the earlier all-time excessive.

Daily AXS / USDT Chart | Source: TradingView

ANKR

ANKR has been trading inside a descending parallel channel since March twenty eighth. On June twenty second, it hit a low of $ 0.047 and bounced off the channel’s assist line (inexperienced symbol).

On July 28, the token managed to reclaim the channel’s centerline. This is a particularly bullish transfer that implies a transfer in the direction of the channel’s resistance line is probably going.

Currently the token is looking for assist above $ 0.077. If profitable, the price will transfer to the resistance line of the channel.

ANKR / USDT every day chart | Source: TradingView

Disclaimer: This article is for informational functions solely, not funding recommendation. Investors ought to analysis fastidiously earlier than making a choice. We aren’t accountable for your funding selections.

SN_Nour

According to Beincrypto

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