We take a look at the 7 most profitable altcoin projects of the week of December 31-January 7th. In the list, you can find brief price histories of altcoins and technical analysis by analyst Valdrin Tahiri. Let’s start with the green board leader of the week, Cosmos (ATOM).
- Cosmos (ATOM): 39.10%
- Harmony (ONE): 34.76%
- Phantom (FTM): 24.49%
- Chainlink (LINK): 22.06%
- Ravencoin (RVN): 19.71%
- Internet Computer (ICP): 12.45%
- Yearn.Finance (YFI): 8.26%
Here are the week’s green board leaders
ATOM broke out of a descending resistance line on January 4th. After the slight decline, it continued its upward move and is attempting to break out of the $44.5 resistance area. If it can break through this area, the next closest resistance area is $59.77.
Similar to ATOM, ONE broke out of a descending resistance line on January 2. He returned two days later to confirm this as support (green icon below) and then started another upward move. After the $0.32 horizontal resistance area, the ATH level of $0.38 can be targeted.
It broke out of a descending resistance line on 1 January on FTM. It later dropped and confirmed the $2.6 area as support (green icon). If the upside continues and FTM reaches ATH price, $4.90 could be the next level of resistance.
LINK has been falling since November 10 (red icon) when an ascending parallel channel confirmed the resistance line. Currently, LINK is trading very close to the middle of the pattern. According to the analyst, the middle line of the lower channel will be decisive in the direction of the trend.
On January 4, the RVN broke out of a descending resistance line that had been present since August 11. The main resistance area is $0.156 created by the August tops. A move above this level can greatly accelerate the rate of increase.
Altcoin ICP prepares for breakout from strong support
In December (green circle), ICP allegedly broke out of the horizontal support area of $29.50. The area has been in place since July. According to the analyst, the closest resistances in the possible rally are between $46.5 – $54.2.
Similar to ICP, YFI broke out of the horizontal support area of $27,500 on Dec. However, it started an upward move and reclaimed the area on December 17. It is currently trading between $27,500-$42,300. cryptocoin.com According to Valdrin Tahiri, whose analysis we shared, a move above the resistance area can accelerate the upward momentum.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.