5 Altcoins That Performed Positively Last Week

BeInCrypto looks at five altcoins that increased the most from the entire crypto market this week, specifically from Feb. 10 – 17.

These popular altcoins have stolen the crypto news and cryptocurrency market spotlight:

1. Astar (ASTR) price increased by 46.49%
2. Mina (MINA) price increased by 44.78%
3. BinaryX (BNX) price increased by 44.20%
4. MAGIC (MAGIC) price increased by 36.98%
5. Loopring (LRC) price increased by 34.35%

Astar (ASTR) Leads Altcoin Crypto Market Gainers

The Astar price has increased rapidly since the beginning of the year. However, it created a double top pattern with two long upper wicks near $0.110. Such double tops are considered bearish patterns and often lead to price reversals. 

Moreover, the pattern was combined with a bearish divergence in the RSI (green line). Therefore, a drop toward the 0.5 Fib retracement support level at $0.077 may occur.

On the other hand, if the increase continues, the ASTR price could move to $0.140.

Mina (MINA) Price Fails to Clear Resistance

The MINA price has increased since breaking out from a descending resistance line on Jan. 25. The upward movement led to a high of $1.25 on Feb. 16. 

However, the price failed to close above the $1.16 resistance area. Rather, it reached a close below it. If the downward movement continues, MINA could fall to the $0.96 horizontal support area. 

However, if the price reached a close above $1.16, it could increase to $1.45.

BinaryX (BNX) Trades Inside Resistance

The BNX price has increased rapidly since the beginning of the year. It reached a high of $184.29 on Feb. 13. However, it created a bearish engulfing candlestick and fell the day after. 

If the price breaks out above the resistance area, it could increase to $230. However, if it fails to do so, a fall toward $132.50 could follow.

MAGIC (MAGIC) Reaches New All-Time High

The MAGIC price fell after reaching a high of $2.20 on Feb. 6. However, it regained its footing on Feb. 13 and reached a new all-time high of $2.33 on Feb. 16. 

If the increase continues, the digital asset could move toward $2.75. However, if a reversal occurs, the price could fall to the $1.50 support area.

Loopring (LRC) Altcoin Price Approaches Resistance

The Loopring price has increased since breaking out from a descending resistance line on Jan. 25. The upward movement led to a high of $0.49 on Feb. 16. 

However, the token has not broken out from the $0.50 resistance area. The trend can only be considered bullish once it does. If a breakout occurs, the LRC price could increase to $0.65. If it gets rejected instead, a fall to $0.34 may follow.

For BeInCrypto’s latest crypto market analysis, click here.