Curve DAO Token (CRV) Attempts to Clear Resistance
Last weekend, the cryptocurrency market experienced a decline, but some digital currencies saw significant increases in value. These altcoins have emerged as the top performers during the weekend.
The price of CRV has been below a descending resistance line since February 21. This line has caused multiple rejections, including one on July 14. The most recent rejection led to a sharp decrease, with a low of $0.38 on September 13.
However, the price has since bounced back and is currently trying to reclaim the $0.50 horizontal area. If it fails to do so, there could be a 40% drop to the $0.30 support area.
LINK Price Breaks Resistance
LINK’s price has been increasing since reaching a low of $5.60 on August 17. After consolidating, it created a higher low on September 11 and continued to rise.
On September 19, LINK broke out from a descending resistance line that had been in place since July 20, indicating the end of the previous correction.
If the upward movement continues, the next resistance level is at $8.35, a 15% increase from the current price. However, if momentum fades, LINK could fall by 12% to the descending resistance line at $6.40.
Aptos Struggles with Resistance
Aptos’ price has been on the rise since September 11, but it has failed to clear the $5.70 horizontal area. This area previously served as support but now acts as resistance.
The $5.70 area also coincides with a descending resistance line that has been in place since June. Therefore, Aptos’ price trend cannot be considered bullish until this level is reclaimed.
If the resistance is broken, Aptos could increase by 40% and reach the $7.85 resistance area. However, if a rejection occurs, the price could drop by 30% to $4.
Hot Take: Weekend Gainers Show Potential
Despite the overall decline in the cryptocurrency market over the weekend, certain altcoins stood out as top performers. CRV, LINK, and Aptos all showed promising price movements.
CRV is attempting to clear important resistance levels, while LINK has already broken out from a descending resistance line. Aptos, on the other hand, is struggling to overcome resistance but still has potential for growth.
These weekend gainers demonstrate that even in a bearish market, there are opportunities for investors to profit from altcoins with strong performance.
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