BeInCrypto takes a take a look at the seven altcoins that elevated essentially the most throughout final week, particularly from Nov 12-19.
These altcoins are:
- WAX (WAXP) : 67.30%
- The Sandbox (SAND) : 62.80%
- Crypto.com Coin (CRO) : 49.40%
- Avalanche (AVAX) : 28.60%
- Decentraland (MANA) : 26.78%
- IoTeX (IOTX) : 16.45%
- Enjin Coin (ENJ) : 6.73%
WAXP
WAXP has been transferring upwards at an accelerated fee since November 11, when it bounced on the earlier all-time excessive resistance at $0.48. In a span of solely six days, WAXP elevated by 106%. This led to a brand new all-time excessive value of $0.99 on November 17.
The excessive was made proper on the 2.61 exterior Fib retracement resistance stage at $0.98. Such Fib ranges are used to find out the following closest resistance ranges as soon as a token reaches a brand new all-time excessive.
If the continuing rejection continues, the closest assist space is at $0.72. The assist is created by an ascending assist line in place since Oct 28. So long as the road is in place, the bullish construction stays intact.
Then again, the following resistance is at $1.28.
SAND
The Sandbox (SAND) has been transferring upwards since November 16. After three days, it reached a brand new all-time excessive value of $4.69. This amounted to a rise of 106%.
The excessive was made simply above the 1.61 exterior Fib retracement resistance stage.
If the token continues to extend, the following resistance could be at $5.76. That is the two.61 exterior Fib retracement stage.
CRO
CRO has been transferring upwards since October 28. The upward motion led to quite a few all-time highs, beginning on November 5.
Initially, the token struggled to maneuver above the 1.61 exterior Fib retracement resistance at $0.39. Nonetheless, it was profitable in transferring above it on November 13. This led to a brand new all-time excessive value of $0.587 on November 18.
If the token continues to extend, the following resistance could be at $0.77.
AVAX
AVAX has been transferring upwards since October 12, when it validated the $57 horizontal space as assist (inexperienced icon). Beforehand, the identical space had acted because the all-time excessive resistance since February 10.
On November 18, AVAX reached a brand new all-time excessive value of $110.
The subsequent closest resistance space is at $125. That is the two.61 exterior Fib retracement resistance stage.
MANA
MANA has been rising since November 16, when it bounced on the $2.82 horizontal assist space. This created an extended decrease wick, an indication of shopping for strain.
On November 18, it broke out from the $3.60 horizontal resistance space and proceeded to achieve a excessive of $4.32 the following day.
Because the all-time excessive of $4.94 solely left a wick in place, there isn’t any extra resistance left for the token.
IOTX
IOTX has been lowering alongside a descending resistance line since November 4, when it reached an all-time excessive value of $0.49.
To this point, it has made 4 makes an attempt at breaking out, all unsuccessful (crimson icons).
Nonetheless, resistances get weaker every time they’re touched. Subsequently, an eventual breakout from this line could be possible.
If one happens, the following closest resistance could be at $0.38.
ENJ
ENJ has been transferring upwards since breaking out from an ascending parallel channel on November 1 (inexperienced icon).
Nonetheless, it failed to maneuver above the $3.50 horizontal resistance space on November 7 (crimson icon) and has been lowering since. That is the ultimate resistance space previous to a brand new all-time excessive.
If the downward motion continues, the resistance line of the channel is anticipated to behave as assist as soon as extra.
For BeInCrypto’s newest Bitcoin (BTC) evaluation, click here.
Disclaimer
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