Weekly Analysis of Top Cryptocurrencies
Welcome to this week’s analysis of the top-performing cryptocurrencies. After a recent dip and subsequent recovery, cryptocurrencies are either trading sideways or showing signs of a bullish trend. Let’s dive into the details of the best performing altcoins this week.
Helium (HNT)
Helium (HNT) is currently on an upward trend, recovering from its previous dip. The altcoin has shown a higher high and a higher low, indicating a bullish momentum. It recently retested the 38.2% Fibonacci retracement line and is expected to rise to the 2.618 Fibonacci extension or $10.67.
- Current price: $7.44
- Market capitalization: $1,197,512,316
- Trading volume: $18,263,489
- 7-day gain: 28.76%
THORChain (RUNE)
THORChain (RUNE) is undergoing an upward correction after a recent downtrend. The altcoin is facing resistance above the moving average lines but has the potential to rise to its previous high of $7.00.
- Current price: $3.90
- Market capitalization: $1,612,947,703
- Trading volume: $108,881,801
- 7-day gain: 26.91%
Aave
Aave (AAVE) has been trading sideways since a price drop in April. The altcoin is currently testing resistance levels and may return to its previous high of $140 if it breaks through the $120 mark.
- Current price: $112.48
- Market capitalization: $1,800,243,698
- Trading volume: $137,705,110
- 7-day gain: 21.39%
SATS (1000SATS)
SATS (1000SATS) is on a corrective upward trend after a recent downtrend. The altcoin is currently above the moving average lines and may rise to its previous high of $0.0006000.
- Current price: $0.0002857
- Market capitalization: $598,758,448
- Trading volume: $117.23M
- 7-day gain: 21.29%
Fantom (FTM)
Fantom (FTM) is showing signs of an upward correction after a recent downtrend. The altcoin needs to break the 50-day SMA to resume its uptrend and reach its previous highs of $0.80 and $1.00.
- Current price: $0.379
- Market capitalization: $1,209,834,708
- Trading volume: $116,005,813
- 7-day gain: 20.60%
Hot Take: Stay Informed and Stay Ahead!
Keep an eye on these top-performing cryptocurrencies as they show promising signs of recovery and potential growth in the near future. Stay informed, make informed decisions, and stay ahead in the ever-evolving world of cryptocurrencies.
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