BeInCrypto breaks down a number of the greatest altcoin movers and shakers from the earlier week. Will their momentum proceed?
Throughout the week of Feb 8 -15, these 5 altcoin picks rallied probably the most:
Greatest Altcoin Gainers
BTG has elevated significantly over the previous two weeks however has but to maneuver above an essential resistance space at $32.
RVN reached an all-time excessive worth of $0.09 on Feb. 14 and is presently within the technique of validating the earlier all-time excessive resistance space as assist.
DASH has already moved above the long-term $236 resistance space and will proceed rising at an accelerated charge.
Regardless of reaching an all-time excessive of $2.81 on Feb. 11, the shortage of worth historical past for GRT makes evaluation of the token troublesome.
LSK reached an all-time excessive worth of $4.93 on Feb. 14 however has fallen barely since, retesting the all-time excessive resistance space, above which it beforehand broke out from.
The BTG chart reveals an enormous upward transfer that has been occurring since a breakout from it validated a long-term descending resistance line as assist (inexperienced arrow).
Since then, the BTG improve has turned parabolic, reaching a excessive of $33 up to now. All three of the: RSI, MACD, and Stochastic Oscillator are nonetheless rising, suggesting that the development is bullish.
Nonetheless, till BTG breaks out from the $32 space and validates it as assist, the upward transfer just isn’t but confirmed.
BTG has not reached a detailed above this degree since Jul. 2018. If it does so efficiently, the speed of improve ought to considerably speed up.
RVN elevated significantly final week, reaching an all-time excessive worth of $0.09 within the course of. Whereas RVN has fallen barely since, it’s within the technique of validating the earlier all-time excessive resistance space at $0.075 as assist.
Technical indicators are bullish since all three of the: MACD, RSI, and Stochastic Oscillator are rising. As soon as RVN manages to clear this space and validate it as assist, the speed of improve is more likely to speed up.
Final week’s rally took DASH above the $236 resistance space, the 0.382 Fib retracement degree of the latest downward transfer. Beforehand, DASH had traded under this degree since Apr. 2018.
At present, DASH is within the technique of shifting above this space, one thing which might set off an accelerated rally in the direction of the subsequent resistance space at $571.
Technical indicators are bullish and assist the continuation of the upward motion.
The GRT chart reveals a big upward motion that has been occurring for the previous week. This led to an all-time excessive worth of $2.81 on Feb. 12. GRT fell shortly afterward however has regained nearly all of its losses since then.
Earlier than Dec. 17, 2020, the shortage of worth historical past makes it troublesome to assemble a correct evaluation of the token.
LSK has elevated immensely over the previous three days, reaching an all-time excessive worth of $4.70 on Feb. 14. Whereas it has dropped considerably since then, the decline served to validate the $2.90 space as assist, leaving an extended decrease wick behind.
Technical indicators are bullish, and since there isn’t a resistance above the present worth, the speed of improve could considerably speed up from right here on out.
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