We list the most lucrative altcoin projects of the week from January 7 to 14. Dogecoin is closing the week with a profit of 26%, with Elon Musk announcing that Tesla will accept it as a payment method. Oasis Network is at the top of the list with 35%. Critical resistance levels need to be overcome for the continuation of the uptrend, analyst Valdrin Tahiri said. Here are the details…
- Oasis Network (ROSE): 35.20%
- Dogecoin (DOGE): 26.90%
- Near Protocol (NEAR): 24.67%
- Secret (SCRT): 18.17%
- Dash (DASH): 16.57 percent
- FTX Token (FTT): 14.45%
- Harmony (ONE): 10.47%
Here are the most lucrative altcoin projects of the week
ROSE has been rising since Jan 10, when it dropped to $0.30. On January 14, the ATH level reached $0.538, which corresponds to a 77% increase. It then turned bearish and bounced back to confirm the $0.455 area as support. If the retest is successful, the next closest resistance levels are $0.55 and $0.70, respectively.
cryptocoin.com As we have reported, DOGE fell to $0.136 on January 10. However, it soon reclaimed the area and has been moving upwards ever since, reaching $0.21 on Jan. 14. The closest resistance is $0.245 formed by a descending resistance line.
Altcoin project NEAR has been trading inside an ascending parallel channel since Dec. On January 14, ATH price reached $20.4. In addition, both the MACD and RSI have produced significant bearish divergences that often precede bearish reversals. Therefore, NEAR can be expected to decrease towards the mids and possibly the support line of the channel.
SCRT has been falling with a descending resistance line since Oct. It is currently trading above $8.20. This is also a horizontal resistance area. A break above this could greatly accelerate the bullish momentum.
On December 4, DASH dropped to $110 and bounced off a long wick to the downside. This confirmed the $115 area as support once again. The analyst identifies the nearest resistance level at $170, which is formed by a descending resistance line.
FTT was declining next to a descending resistance line since ATH hit $84.7 on Sept. The downside move reached $33.8 on Jan. FTT has been moving upwards since then and has now reached the descending resistance line once again. The closest resistance is $53.4 formed by the 0.382 Fib retracement resistance level.
ONE has been falling near a descending resistance line since Oct. 26, when the ATH level reached $0.38. It broke out of this resistance line on January 2 and returned two days later (green icon) to confirm as support. If the price reaches the ATH level again, the next resistance is $0.53.
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