Five Best Performing Cryptocurrencies of the Week
The following cryptocurrencies have seen a resurgence in their bullish momentum. However, buyers are facing challenges as they attempt to overcome resistance levels.
Bitcoin SV
Bitcoin SV (BSV) is currently experiencing a sideways trend. It has struggled to break the $56 resistance level since July 1. Buyers have made several attempts to surpass this level but have been unsuccessful so far. If they manage to overcome this resistance, the altcoin will resume its positive trajectory. Currently, the altcoin has fallen from its previous high.
Key Points:
- Current price: $53.72
- Market capitalization: $1,128,211,280
- Trading volume: $425,104,123
- 7-day gain: 66.56%
MX TOKEN
The price of MX TOKEN (MX) has recovered from its downtrend and surpassed the moving average lines. At present, it has reached a high of $2.87, with buyers aiming to push it to its previous high of $3.50. However, the current bullish momentum may face resistance beyond the $3.00 mark. A sideways trend may emerge if the recent high is not reached.
Key Points:
- Current price: $2.86
- Market capitalization: $2,872,542,734
- Trading volume: $6,335,382
- 7-day gain: 22.3%
Solana
Solana (SOL) is currently moving sideways. It has reached the overhead resistance level since July 15, and buyers are attempting to break through this barrier. If successful, the altcoin will rise to its previous high of $32.40. However, if the recent high is rejected, a sideways trend may ensue.
Key Points:
- Current price: $26.86
- Market capitalization: $15,048,920,029
- Trading volume: $833,170,158
- 7-day gain: 21.93%
Stacks
The price of Stacks (STX) has started to rise again after a period of sideways movement. Its price fluctuates between $0.48 and $0.85. If it breaks the barrier at $0.85, STX will continue its ascent towards $1.30. However, if the barrier remains unbroken, the current range will be maintained.
Key Points:
- Current price: $0.6254
- Market capitalization: $1,136,813,925
- Trading volume: $170,781,668
- 7-day gain: 21.00%
Mantle
Mantle (MNT) has seen a price increase after hitting a low of $0.32. It has risen above the current support level and reached a high of $0.37. The altcoin’s price is currently trapped between the moving average lines, which may dampen its upward momentum.
Key Points:
- Current price: $0.3713
- Market capitalization: $2,309,599,689
- Trading volume: $40,428,039
- 7-day gain: 12.58%
Hot Take: Best Performing Cryptocurrencies of the Week
The best performing cryptocurrencies of the week include Bitcoin SV, MX TOKEN, Solana, Stacks, and Mantle. These altcoins have shown significant gains and are currently experiencing positive momentum. However, they still face resistance levels that need to be overcome for further price appreciation. It will be interesting to see if these cryptocurrencies can maintain their bullish trends and reach new highs in the coming days.
By
By
By
By
By
By