We take a look at the 7 altcoin projects on the table with the most profits from November 26 to December 3. In the list, you can find technical analysis by analyst Valdrin Tahiri.
Top 7 altcoin projects of the week
On November 16, LUNA broke out of a rising wedge. On December 3, it reached its ATH price of $69.66. The next resistance area is between $80 and $83. Terra took the first place this week with 71.46%.
Reserve Rights (RSR) is second with 45%. The RSR broke out of a descending resistance line that had previously been present since August 25 on November 29. This confirmed the completion of the short-term correction. The RSR potentially wants to confirm the previous descending resistance line as support. Once the RSR breaks out of the $0.059 area, the rate of increase is expected to accelerate.
On November 30, STX broke out of a descending resistance line that has existed since April 5th. The next day, the ATH level reached $3.25. If $2.60 is surpassed, a move to new highs is likely. Stacks (STX) is up 35.98% this week.
Polygon (MATIC) is in the 4th place with 35.39%. MATIC has been rising with an ascending support line since July 20. It is currently approaching the horizontal resistance area at $2.45. According to the analyst, it is the last resistance area before the ATH price.
Similar to MATIC, OCEAN has been following an ascending support line (green icon) since November 18. It is currently struggling to break out of the 0.618 Fib retracement resistance level at $1.33. Doing so could bring OCEAN to the ATH level, according to the analyst. This week OCEAN’s performance was 34.73%.
OCD has also been following an ascending support line since Sept 16. More recently, it bounced on November 28 (green icon). It’s currently approaching the November high at $33. According to the analyst, when OCD debuts successfully, it can increase its momentum.
cryptocoin.com As we reported, Solana (SOL) broke out of a descending resistance line on November 30. Two days later, it retraced the $230 resistance, which is both a horizontal resistance area and the 0.618 Fib retracement resistance level. The next resistance is at the ATH level at $260 followed by $308.
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