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HomeCrypto NewsExclusive Five Biggest Altcoin Gainer Showcase — July 19-26

Exclusive Five Biggest Altcoin Gainer Showcase — July 19-26


BeInCrypto breaks down the 5 greatest altcoin movers and shakers from the earlier week. Will their momentum proceed?

The 5 altcoins that elevated probably the most final week have been:

  1. Axie Infinity (AXS): 115.83%
  2. Telcoin (TEL): 56.31%
  3. THETA (THETA): 37.38%
  4. Web Laptop (ICP): 31.50%
  5. OKB (OKB): 29.26%

AXS

AXS has been rising because it reached a low of $14.10 on July 20. It proceeded to achieve an all-time excessive of $49.78 on July 24.

In a span of 4 days, AXS managed to extend by 252%. Nonetheless, the upper costs couldn’t be sustained and it created a protracted higher wick.

It’s potential {that a} excessive has already been reached. AXS has moved above the $41.86 resistance space however didn’t maintain the upward transfer. $41.86 is a possible stage for a high because it’s the Fib extension stage of waves 1-3 (orange). 

If one other upward transfer transpires, the subsequent almost certainly resistance space can be discovered between $54-$58.76. This vary is created by an exterior Fib retracement (black) and a Fib projection (orange).

In any case, it appears that evidently AXS is in wave 5 of a bullish impulse, due to this fact it’s prone to attain its high quickly.

AXS Wave five
AXS Chart By TradingView

TEL

TEL has been reducing alongside a descending resistance line since Might 11 after it reached an all-time excessive value of $0.064. It made an unsuccessful breakout try on July 1 (purple icon).

On July 20, TEL reached a low of $0.0091. Relative to the worth on Might 19, this created a double bottom sample.

TEL broke out from the descending resistance line shortly afterwards.

Technical indicators are comparatively bullish. The RSI has simply crossed above 50 and the Stochastic oscillator simply made a bullish cross.

The closest resistance space is discovered at $0.03. That is the 0.382 Fib retracement resistance stage.

TEL resistance
TEL Chart By TradingView

THETA

THETA has been reducing alongside a descending resistance line since April 16, when it reached an all-time excessive value of $15.88. 

Up to now, it has made three unsuccessful breakout makes an attempt, most just lately on June 17 (purple icon). 

On Might 19 and July 20, THETA made a double backside sample near the $4 horizontal assist space. 

It’s been transferring upwards for the reason that double backside and is at present making an attempt to interrupt out as soon as once more. The MACD, RSI, and Stochastic oscillator are all rising, supporting the potential of a breakout. 

If it breaks above descending line, the subsequent closest resistance space would possible be discovered at $9.70. That is the 0.5 Fib retracement resistance stage and a horizontal resistance space.

 
THETA resistance
THETA Chart by TradingView

ICP

ICP has been reducing alongside a descending resistance line since June 29. On June 26 and July 20, ICP created a double backside sample near $27. 

After this, it started an upward transfer and broke out from the descending resistance line.

The double backside and breakout look an identical to that of TEL, with the one exception being that the motion of ICP is transpiring inside a a lot shorter time-frame.

At present, ICP is buying and selling on the 0.618 Fib retracement resistance stage at $47. A breakout above right here would possible provoke an upward transfer towards the $60 space. 

The MACD is constructive and rising whereas the RSI has crossed above 70. These are each bullish indicators.

ICP resistance
ICP Chart By TradingView

OKB

OKB has been transferring upwards since June 22. On July 20, it created its first increased low and resumed its upward transfer at an accelerated price. 

It has simply moved above the 0.618 Fib retracement resistance stage at $14.96. That is additionally a long-term horizontal resistance space. 

Efficiently reclaiming this could possible set off an upward motion towards $19.

OKB
OKB Chart By TradingView

For BeInCrypto’s newest bitcoin (BTC) evaluation, click here.

Disclaimer

All the data contained on our web site is printed in good religion and for common info functions solely. Any motion the reader takes upon the data discovered on our web site is strictly at their very own threat.



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