Top Performing Altcoins in the Bull Market
The altcoins listed below have emerged as the best performing cryptocurrencies, breaking through their respective overhead resistances and entering the bull market. Letโs take a closer look at these top performers from the previous week.
Fantom (FTM)
The price of Fantom (FTM) is on an upward trend, recovering from a previous drop. After falling to the bottom of the chart and bouncing back above the $0.17 support level, FTM has broken through the moving average lines and reached a high of $1.16. If buyers continue to drive the altcoin, it may reach a high of $3.68 and reverse its downtrend. The next resistance level for FTM is $1.64, which it will aim for after breaking through the initial barrier at $1.20.
- Current price: $1.17
- Market capitalization: $3,700,886,994
- Trading volume: $880,986,322
- 7-day gain: 56.81%
Ondo (ONDO)
Ondo (ONDO) is also experiencing an upward trend after breaking through the resistance at $0.30. This breakout has propelled ONDO into a bull market. Although it initially rose to a high of $0.66 before retracing, the altcoin managed to stay above the $0.60 resistance level after being rejected at its recent high on March 12. Today, ONDO regained positive momentum and broke above the $0.60 resistance, currently trading at $0.72. However, it may face another hurdle at $0.80.
- Current price: $0.743
- Market capitalization: $7,429,517,429
- Trading volume: $284,202,092
- 7-day gain: 42.15%
Stacks (STX)
Stacks (STX) has broken through the overhead resistance at $2.49 and fully recovered from its downturn, entering a bull market. Currently priced at $3.52, STXโs uptrend may encounter resistance at the $3.70 threshold. The price movement of STX is characterized by doji candlesticks, which are slowing down the uptrend.
- Current price: $3.37
- Market capitalization: $6,119,717,369
- Trading volume: $477,542,385
- 7-day gain: 28.86%
Jupiter (JUP)
Jupiter (JUP) is a new altcoin that has entered a bull market after breaking through the overhead barrier at $0.75. It reached a high of $1.60 before retracing and is currently fluctuating below the resistance level at $1.40. If the recent high is breached, JUP may reach a high of $2.25. Currently priced at $1.20, JUP is trading above the 21-day SMA and resistance at $1.40.
- Current price: $1.21
- Market capitalization: $12,075,115,151
- Trading volume: $255,900,584
- 7-day gain: 28.40%
Sui (SUI)
Sui (SUI) is on an upward trend and trading in a bull market after breaking through the overhead resistance at $1.70. Although it reached a high of $2.00, it has been moving horizontally between $1.30 and $2.00 since February 14. If the resistance level at $2.00 is breached, SUIโs rally will continue.
- Current price: $1.75
- Market capitalization: $17,535,184,047
- Trading volume: $521,870,459
- 7-day gain: 27.32%
Hot Take: Altcoins Shine in the Bull Market ๐
The altcoin market is experiencing a surge in performance as several coins break through their overhead resistances and enter the bull market. Fantom (FTM), Ondo (ONDO), Stacks (STX), Jupiter (JUP), and Sui (SUI) have all shown impressive gains in the past week.
If youโre looking for potential investment opportunities or simply want to stay updated on the crypto market trends, keeping an eye on these top performers could be beneficial.
Cabel Dioli emerges as a luminary seamlessly blending the roles of crypto analyst, dedicated researcher, and editorial artisan. Within the dynamic expanse of digital currencies, Cabel’s insights resound like finely tuned notes, reaching minds with diverse inquisitiveness. His mastery in unraveling intricate threads of crypto intricacies harmonizes effortlessly with his editorial finesse, transforming complexity into a captivating symphony of comprehension.