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Analysis of Weekly Altcoin Trends: Resumed Bullish Momentum and Increased Cryptocurrency Traction

Analysis of Weekly Altcoin Trends: Resumed Bullish Momentum and Increased Cryptocurrency Traction

Celestia

Celestia (TIA) has established a positive trend and is on an uptrend after recovering and rising above moving average lines. Since November 2, the altcoin has been consolidating above the $2.00 support level and is preparing for a likely breakout. On November 10, the cryptocurrency recovered and climbed to a high of $7.50, and the current uptrend is likely to continue beyond the recent peak. With an overbought territory in the market, TIA is performing quite well with a current price of $7.14.

Kaspa

Kaspa (KAS) is currently rising steadily with a series of higher highs and higher lows. The altcoin has reached the projected price of $0.12, which is the 1.618 Fibonacci extension, and is now valued at $0.1373 with a 7-day gain of 56.66%.

Render

Render (RNDR) is in an uptrend with higher highs and lows and is approaching the projected price of $3.52. The altcoin has surpassed the historical price level of June 4 and currently has a value of $3.34 with a 7-day gain of 35.40%.

Avalanche

Avalanche (AVAX) is currently going through an upswing and has hit a high of $24 on Nov. 16. It is currently valued at $21.27 with a 7-day gain of 33.44% and is approaching the historical level of $30.

THORChain

THORChain (RUNE) is steadily rising and about to reach its peak price of $22.50 again, after reaching a high of $6.51. Currently priced at $5.27 with a 7-day gain of 30.08%, it is the fifth most profitable cryptocurrency.

Hot Take

The altcoin market is showing promising uptrends with TIA, KAS, RNDR, AVAX, and RUNE, delivering percentages of gains, making these cryptocurrencies excellent options to consider investing in.

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Analysis of Weekly Altcoin Trends: Resumed Bullish Momentum and Increased Cryptocurrency Traction