Altcoins That Increased the Most in This Week’s Crypto Market
Here are the top altcoins that experienced significant price increases from August 11 to 18:
- SEI price increased by 650%
- THORChain (RUNE) price increased by 33.32%
- Akash Network (AKT) price increased by 22.83%
- DEXE price increased by 9.85%
- UNIBOT price increased by 6.97%
SEI Price Leads Altcoin Gainers
The SEI price reached a new all-time high of $0.48 after its launch on Binance. However, it has since fallen and follows a descending resistance line. If the price moves upwards, it can increase by 35% to the $0.21 resistance area. On the other hand, if it breaks down, a 37% drop to $0.10 can be expected.
THORChain (RUNE) Price Breaks Out After Higher Low
RUNE price has been increasing since June 14 and recently broke out from a descending resistance line. Whether it continues to increase or gets rejected at the $1.50 horizontal resistance area will determine its future trend. A breakout can result in a 33% increase to $1.90, while a rejection can lead to a 19% drop to $1.20.
Akash Network (AKT) Price Breaks Out From Triangle
AKT price traded inside a symmetrical triangle and broke out from it on August 8. If the upward movement continues, the next resistance will be at $1.80, a 50% increase. However, if a bearish trend reversal occurs, AKT can fall by 33% to the closest support at $0.80.
DEXE Reclaims Horizontal Level
DEXE price reclaimed the $2.20 horizontal area and has the potential for another upward movement if it breaks out from a descending resistance line. A breakout can lead to a 20% increase to $2.70, while a breakdown below $2.20 can result in a 17% drop to $1.90.
UNIBOT Deviates Above Range High
UNIBOT price fell after reaching an all-time high of $245 and is currently at the $170 support area. If it breaks down, it can fall by 23% to $140. However, if the price bounces, it can retest the $205 area, an increase of 15% from the current price.
Hot Take:
This week has seen significant price increases for these altcoins. While some have experienced pullbacks, others are showing potential for further gains. It’s important to monitor these coins closely to identify potential trading opportunities.
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