BeInCrypto takes a look at the seven altcoins that have risen the most in the past seven days, from July 16 to July 23.
se altcoins are:
- Axie Infinity (AXS) – 28.49%
- Telcoin (TEL): 26.59%
- SushiSwap (SUSHI) – 26.18%
- OKB (OKB) – 19.30%
- Sprint (DASH) – 18.40%
- FTX Token (FTT) – 16.51%
- Earth (MOON) – 12.34%
AXS
AXS has been trading higher since July 20, after hitting a low of $ 14.10. For three days, it was up 125%, leading to a new all-time high of $ 31.94 on July 23.
AXS continues to climb and has shown no signs of weakness so far. MACD and the RSI are rising.
next area of resistance is $ 38.42. This is the external Fib 1.61 retracement level.
TradingView AXS Chart
TEL
On May 19, TEL fell to a low of $ 0.0095. After a rebound and correction, it returned to the same level on July 20.
This actually created a double bottom caral and TEL has since moved upwards. Technical indicators are providing some bullish signals, such as the possible bullish crossover in the stochastic oscillator.
TEL is also following a descending resistance line. If a breakout occurs, the closest resistance level would be at $ 0.03.
TradingView TEL Chart
SUSHI
SUSHI had followed a descending line of resistance since May 20.
It broke out on June 27 and peaked at $ 9.72 on July 7. However, it was pushed back from the $ 9.50 area and started a bearish move.
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This caused a drop in the $ 6.20 area that has been validated four times since May 19.
SUSHI is currently trading within a range of $ 6.20 to $ 9.50. A break above the latter could trigger a sharp rise.
TradingView SUSHI Chart
OK B
OKB has been on the rise since June 22. On July 20 it created its first low and resumed its upward movement at a fast pace.
It follows an ascending line of resistance and has touched it for the third time (red icon). On top of that, the line coincides with the 0.5 Fibonacci retracement resistance level at $ 13.75.
A break above the line could trigger a strong bullish move towards the highs of the $ 19 range. MACD and RSI are both bullish, supporting the continuation of the bullish move.
TradingView OKB Chart
SCREENPLAY
DASH has been following a descending resistance line since May 20. It broke above the line on July 19 and validated it as support the next day.
Since then it has moved upwards.
main resistance area is at $ 190. This is the 0.618 Fibonacci Retracement Resistance Level.
TradingView DASH Chart
FTT
FTT has followed a descending resistance line since May 27. While below resistance, it touched a low of $ 21.83 on June 26.
Since then, the FTT has moved higher, making another attempt to break the descending resistance line.
If successful, the FTT would likely move towards the $ 37 resistance area.
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MACD and the RSI are both bullish.
TradingView FTT Chart
MOON
LUNA has been rising along an ascending support line since May 23. It created its second-highest low on July 20.
Both the MACD and the RSI are rising, supporting the continuation of the bullish move.
closest resistances are at $ 10 and $ 11.83. se are the respective 0.382 and 0.5 Fib Retracement Resistance Levels. latter is also an area of horizontal resistance.
TradingView LUNA chart
For the latest bitcoin (BTC) analysis from BeInCrypto, click here.
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