Altcoins Are Recovering And Showing A Pattern Of Higher Highs And Higher Lows

The best performing altcoins are trading in a positive trend zone as they return to previous highs. HYPE has recovered from its recent slump.

As long as cryptocurrency prices remain above the moving average lines, altcoins will continue to grow.

SPX6900

The price of the SPX6900 (SPX) has recovered from its downtrend since March 24. The price of cryptocurrencies has a pattern of higher highs and higher lows. Since May 12, the uptrend has been halted by a hurdle at $1.03.

The altcoin is currently trading above the moving average lines, but below the $1.00 mark. SPX will rise to a high of $1.38 if the current barrier is broken. SPX is the best performing coin.

The current price: $0.8863

Market capitalization: $828,622,684.18

Trading volume:  $19,330,600.44

7-day gain: 36.03% 

Worldcoin

The price of Worldcoin (WLD) is now trading above the moving average lines after its rebound. The price of the cryptocurrency is approaching the high of $1.64 and is showing a pattern of higher highs and higher lows.

The altcoin is on the retreat as buyers fail to push it above the $1.60 mark. WLD will rise to a high of $2.46 if the existing hurdles of $1.60 and $1.80 are overcome. The price is consolidating above the $1.30 level but below the $1.60 level.

WLD is the second best-performing cryptocurrency. 

The current price: $1.39

Market capitalization: $2,125,301,886.29

Trading volume:  $367,833,060.18

7–day gain: 29.63%

Hyperliquid (HYPE)

Hyperliquid (HYPE) is now trading in a positive trend zone and has surpassed its previous high of $35.17. The altcoin has fully recovered from its downturn. The positive momentum has broken through the previous high, but has yet to rise above it. The long candlestick wicks at the recent high indicate significant selling pressure at the previous high price.
HYPE is the third-best-performing cryptocurrency. 

The current price: $35.29

Market capitalization: $11,783,359,774.02

Trading volume:  $305,043,241.37

7-day gain: 27.46%

Aave

The price of Aave (AAVE) has resumed its positive trend. The cryptocurrency value has risen to a high of $269. It is likely that the current rise will reach the $280 mark. A break above the $280 barrier will catapult the altcoin to a high of $360. The $280 barrier represents the historical price level from February 5. If the altcoin drops from its recent high, it could fall below the 21-day SMA support or reach a low of $240.

AAVE is the fourth best performing altcoin.

The current price: $269.46

Market capitalization: $4,079,401,311.56

Trading volume: $625,041,393.04

7–day gain: 45.96%

Monero

The price of Monero (XMR) is rising and has reached a new high. The cryptocurrency rose to a high of $409. Buyers are trying to bring the price back to its previous high of $517. The uptrend is expected to hit resistance at $480 before rising further.

Currently, the altcoin is trading below the $410 resistance level. The altcoin’s uptrend will continue above the initial $410 barrier.

XMR is the fifth largest cryptocurrency. Here are some of its characteristics.

The current price: $402.91

Market capitalization: $7,435,402,379.52

Trading volume: $109,998,133.89

7–day gain: 18.68%

Disclaimer. This analysis and forecast are the personal opinions of the author. They are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.