Top 3 Altcoins that Dominated Weekly Profit Surge

Top Altcoins Making Gains in the Crypto Market

If you’re interested in altcoins, here are three that have seen significant increases in the crypto market this week:

Hifi Finance (HIFI) – 122.90% increase
STORJ – 37.40% increase
Metal DAO (MTL) – 27.52% increase

Hifi Finance (HIFI) Hits All-Time High

Hifi Finance has been experiencing a steady increase since June 10, with the price surpassing $0.30 and continuing to rise. On September 15, it reached an all-time high of $1.27 before dropping slightly. This peak was achieved at the 2.61 Fib extension of the initial increase, which often acts as a resistance level during upward movements. There is a possibility of a potential drop to the $0.75 support area if there’s a rejection, but if the price breaks out again, the next resistance level is at $1.60.

STORJ Clears Critical Resistance Level

The STORJ price has been on the rise since its low of $0.19 on August 17. On September 13, it broke through the horizontal resistance area at $0.32, indicating the start of a new upward movement. If this upward trend continues, STORJ could see a 50% increase to reach the next resistance level at $0.50. However, if the price drops below $0.32, it could potentially fall by 30% to the support area at $0.23.

Metal DAO (MTL) Breaks Out from Long-Term Triangle

After bouncing off the support line of a long-term triangle on August 17, MTL broke out from the pattern on September 13. Currently, it is trading just below the $1.60 horizontal resistance area. If MTL manages to clear this level, it could see a 65% increase to reach $2.60. However, if it fails to break through, there’s a possibility of a 12% drop and a retest of the triangle’s resistance line at $1.40.

Hot Take: Altcoins Show Strong Performance in Crypto Market

This week, altcoins have made significant gains in the crypto market. Hifi Finance (HIFI), STORJ, and Metal DAO (MTL) have all seen substantial increases in their prices. HIFI reached an all-time high, while STORJ cleared a critical resistance level and MTL broke out from a long-term triangle pattern. These positive developments indicate potential bullish movements for these altcoins in the near future.