Top-Performing Cryptocurrencies in Sideways Trends: What You Need to Know
Despite the recent rally, cryptocurrencies are currently trading sideways as bullish momentum wanes. While altcoins have seen new highs, sustaining the upward trend has been a challenge for buyers. Here’s a closer look at some of the best-performing cryptocurrencies and their current trends:
MEW: A Sideways Move
MEW has been in a sideways trend since its rally on April 2. Although it briefly reached a high of $0.010, the cryptocurrency has since been moving horizontally. With an upper resistance level at $0.008, MEW has traded between $0.003 and $0.008 over the past three months.
- Current price: $0.007198
- Market capitalization: $639,524,638
- Trading volume: $252,950,070
- 7-day gain: 135.34%
WIF: A Rising Price
For WIF, the price has been increasing while moving sideways since March 14. Despite hitting a resistance at $3.00, the altcoin’s price has fluctuated between $1.60 and $3.00. The current price sits at $2.53, with a market capitalization of $2,525,656,279 and a 7-day gain of 53.54%.
Helium: Riding the Uptrend
Helium (HNT) is on an upward trajectory, surpassing its moving average lines and trading above the $3.00 support level. With a recent high of $5.15, HNT has a market capitalization of $828,145,470 and a 7-day gain of 43.23%. The altcoin is expected to continue its rally as long as it stays above the moving average line.
Core: Recovering Momentum
Core (CORE) has seen its price rise above the moving average lines, signaling a recovery from previous declines. With a current price of $1.55, a market capitalization of $3,255,715,246, and a 7-day gain of 36.68%, CORE’s bullish momentum hinges on maintaining levels above the moving average lines.
Arweave: An Upward Correction
Arweave (AR) is experiencing an upward correction while trending sideways. Despite a resistance level at $48, the altcoin is currently priced at $30.91, with a market capitalization of $2,040,425,302 and a 7-day gain of 27.02%. The uptrend is expected to continue if AR stays above the moving average lines.
Hot Take: Stay Informed, Stay Ahead
In the dynamic world of cryptocurrencies, staying informed about the latest trends and performances is essential for making informed investment decisions. Keep an eye on these top-performing cryptocurrencies and their evolving trends to stay ahead of the curve and maximize your investment potential.
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