Bitcoin Cash (BCH) reached a new yearly high after a 145% increase in two weeks. Kava. (KAVA) rallied during the weekend but failed to clear a crucial horizontal resistance. Near Foundation (NEAR) did not increase that much during the weekend but began a strong rally today.
The crypto market had a bullish performance last week. However, a short-term bearish reversal began near the end of the week and continued during the weekend. Despite this temporary slump, these three cryptocurrencies had positive performances, being labeled as the weekend’s crypto gainers.
Bitcoin Cash (BCH) reached a new yearly high of $222, following a two-week rally that saw a 145% increase. The price broke through resistance levels and diagonal resistance lines, suggesting that the correction is complete. The $135 area is expected to provide support, and analysts predict a potential increase to $270 after a short-term slump to $172.
Kava (KAVA) has seen a steady increase along an ascending support line since the beginning of the year. Despite reaching a high of $1.28, it failed to close above the $1.15 resistance level, indicating selling pressure. However, the ascending support line and the $115 area form an ascending triangle, a bullish pattern suggesting a breakout is likely. The daily RSI also supports the continuing increase.
Near Protocol (NEAR) has been trading within a descending parallel channel since February. A breakout from the channel is expected, and if the price moves above the channel’s midline, it increases the chances of a future breakout towards the next resistance at $2.70. However, if the price gets rejected by the channel’s midline, it could fall to the support line at $1.
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