BeInCrypto takes a look at the seven altcoins that have risen the most in the past seven days, July 23-30.
se altcoins are:
- My neighbor Alice (ALICE) – 118.64%
- Amount (QNT) – 69.50%
- Amperage (AMP) – 60.48%
- OKB (OKB) – 43.10%
- Earth (MOON) – 41.93%
- Axie Infinity (AXS) – 35.14%
- Ankara (ANKR): 32.46%
ALICE broke out of a parallel ascending channel on July 24. Subsequently, it validated it again as support on July 27 (green icon). This led to a high of $ 16.50 on July 29. ALICE failed to reach the $ 18.20 resistance area and started to decline.
main support levels are at $ 11.70 and $ 10.25. first is the 0.382 Fibonacci retracement support level and a horizontal support area. latter is the support level of the 0.5 Fib retracement and the resistance line of the channel from which ALICE broke out.
QNT has struggled to break out of the $ 96 resistance level since June 25.
After three unsuccessful attempts to get over it, QNT finally blew up on July 29. It hit a new all-time high of $ 150 on the same day. high was reached just above the 1.61 Fib external retracement resistance level of $ 138.
$ 96 area should now act as support, while the next resistance is at $ 189, the outer Fibonacci retracement at 2.61.
AMP has moved higher since June 20, when the token was trading at just $ 0.038. bullish move was swift, leading to a high of $ 0.092 on July 26.
Read also NFT industry comes together when Filecoin (FIL) uploads one NFT per second to the database
However, the higher prices could not be sustained and a long upper wick (red icon) was created. This validated the 0.618 Fibonacci retracement resistance level at $ 0.09 as resistance.
AMP has been backing down ever since, trying to find support. main support area is at $ 0.065.
OKB has been on the rise since June 22. It emerged from an ascending parallel channel on July 23 and validated it as support the next day (green icon).
Since then, it has risen to an acceleration, leading to a high of $ 19.36 on July 28.
However, OKB was rejected by the $ 18.80 resistance area, apparently creating a double top pattern.
If a move to the downside follows, the closest support levels would be $ 15.55 and $ 14.38. se are the 0.382 and 0.5 Fibonacci retracement support levels.
LUNA has been moving lower since March 31, when it hit an all-time high of $ 22.4.
He was rejected from the line numerous times before the May 19 crash.
LUNA started an upward move on June 22 and created a higher low on July 20.
However, she was kicked off the line once again on July 29 (red icon). At that time, the line also coincided with the horizontal resistance area of $ 11.60.
main support area is at $ 8.30.
AXS has been moving up at an accelerating rate since July 20. In a span of just seven days, the token was up 275%, leading to a new all-time high of $ 53.50 on July 27.
Read also ART HAUS presents the artists in residence
high was reached just at the 2.61 Fib external retracement resistance level. On top of that, for the last five days it has created the third long upper wick (red icon), a sign of downward pressure.
Since then, AXS has moved down.
closest significant support level is at $ 29.23, the 0.618 Fibonacci retracement support level and the previous all-time high.
ANKR has been trading within a parallel descending channel since March 28. It hit a low of $ 0.047 on June 22, bouncing off the channel’s support line (green icon).
On July 28, the file managed to recover the center of the canal. This is an extremely bullish development indicating that a move towards the resistance line of the channel could occur.
Currently, the token is trying to find support above $ 0.077. Doing so successfully would indicate that an upward movement towards the resistance line of the channel is likely.
For the latest bitcoin (BTC) analysis from BeInCrypto, click here.
All information on our website is published in good faith and for general information purposes only. Any action taken by the reader on the information found on our website is strictly at your own risk.