The best-performing cryptocurrencies are regaining their footing after slipping to the bottom of the rankings.
However, the uptrend of altcoins is being held back by an overarching resistance while they are in an uptrend.
Bonk
Bonk (BONK) is currently in an upward correction and is trending sideways. The cryptocurrency is trading above the moving average lines but below the $0.00002400 mark. Since 25 April, the uptrend has been halted at the $0.00002400 mark.
Today, the bullish momentum was halted at the $0.00002400 level. In anticipation of an uptrend, BONK is trading below the recent high. A break above the moving average lines will propel the altcoin to a high of $0.00003400. If the altcoin falls below the $0.00002400 threshold, it will fall above the moving average lines.
BONK is the best performing cryptocurrency. It has the following characteristics:
The current price: is $0.00002222
Market capitalization: $1,795,821,132.61
Trading volume: $924,876,367.36
7-day gain: 62.15%
Celestia
Celestia (TIA) is in a downtrend and has fallen drastically to the bottom of the chart. Since June 22, the decline has continued above the $1.31 mark. The TIA fell to a low of $1.31, but is now consolidating above the existing support.
The Doji candlesticks have dominated the movement in the cryptocurrency market. Buyers are emerging at the bottom of the chart as the altcoin enters the oversold sector of the market. The uptrend is encountering resistance at the 21-day SMA.
TIA is the second best performing cryptocurrency.
The current price: $1.61
Market capitalization: $1,135,495,980.93
Trading volume: $155,058,562.93
7-day gain: 15.44%
FLOKI
FLOKI (FLOKI) is correcting upwards, but is still in a sideways trend. The cryptocurrency has broken through the moving average lines for the third time, but still has to overcome the $0.0001200 mark. Since May 12, the uptrend has been halted by resistance at $0.0001200.
Currently, the altcoin is struggling to break above the 50-day SMA. The altcoin will rise if the 50-day SMA support holds.
Meanwhile, the altcoin has remained in a range, trading above the moving average lines but below $0.0001200.
The current price: $0.00008654
Market capitalization: $836,326,785.2
Trading volume: $141,995,253.78
7–day gain: 17.88%
XDC Network
The price of XDC Network (XDC) has returned above the moving average lines after falling to a low of $0.055. The uptrend encounters a first barrier at the $0.07 resistance zone.
If the current barrier is breached, the altcoin will rise to the next hurdle of $0.08. If the altcoin falls from its current high, the sideways movement between the support of $0.055 and the moving average lines will continue. XDC is the fourth best performing altcoin.
The current price: $0.06502
Market capitalization: $1,054,836,461.32
Trading volume: $30,555,000.86
7–day gain: 12.67%
Uniswap
Uniswap (UNI) is currently trading sideways but has recovered above the moving average lines. The altcoin is recovering after reaching a low of $5.00. The altcoin has been trading above the moving average lines but below the $9.00 resistance level. UNI’s upward momentum will continue once it breaks above the $9.00 level.
In the meantime, the altcoin is on the rise, reaching a high of $7.69. UNI is the fifth best performing coin.
The current price: $7.69
Market capitalization: $4,836,726,092.87
Trading volume: $327,769,717.6
7–day gain: 8.77%
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.
Source: https://coinidol.com/weekly-remain-within-range/