Here Are 7 Altcoins That Are Seeing Bottoms This Week!

There were altcoins that managed to keep their gains above 100% for seven days from October 29 to November 5. Now we take a look at 7 altcoin projects that are seeing bottoms for the week. Analyst Valdrin Tahiri sets technical levels. In the list you can find the price histories and forecasts of altcoins. SHIB is in the first place with 24.91%.

1. Shiba Inu (SHIB): -24.91%
2. Celsius (CEL): -13.27%
3. Curve DAO Token (CRV): -12.20%
4. Verasity (VRA): -11.97%
5. 1inch Network (1INCH): -11.56%
6. Celer Network (CELR): -9.33%
7. Dogecoin (DOGE): -8.80%

Redboard leader of the week: Shiba Inu (SHIB)

SHIB has been moving downward since hitting the ATH level of $0.0008854 on Oct. 28. This is down 52% to a low of $0.000043 on Nov. Shiba is trading inside a descending parallel channel and the aforementioned drop was made at the support line of this channel. Also, both parts of the drop have the same height. Therefore, an uptrend can be expected after a correction from the SHIB.

Altcoin Celsius (CEL) is down 13.27% this week

Altcoin CEL has been falling ever since it broke out of a symmetrical triangle on Oct. The downside move dropped to $3,879 on Nov. This was only gradually above the ATH level of $3.83. However, the CEL bounced off the $3.95 horizontal support area and formed a long upper wick (green icon). As long as the price stays above this area, the potential for a bullish reversal will hold. However, a break below this will now cause the CEL price discovery to pull down as there will be support levels below it.

Curve DAO Token (CRV): -12.20%

The CRV has been rising since breaking out of a descending resistance line on October 23. This was a sign that the correction that had been going on since April was coming to an end. The price increased significantly on October 25 and reached $5.5 three days later. However, the CRV has been moving downward ever since after forming a long top wick of 13.30%. This is seen as a sign of selling pressure. The closest support is at $3.63, which is the previous resistance area that is now expected to provide support.

Altcoin Verasity (VRA) drops 11.97%

VRA has been moving upwards at an accelerated rate since Sept 29. This bullish move resulted in the ATH level of $0.0874 on Nov. This level usually acts as the local peak after the ATH level has been breached. VRA has been moving downwards since then. The closest support levels are $0.0547 and $0.047. These are the 0.382 and 0.5 Fib retracement support levels (white) and horizontal support areas.

1inch Network (1INCH): -11.56%

1INCH has been falling ever since it reached $7.73 on October 27. The fall created a very long upper wick of 35%. This is seen as a sign of selling pressure as high prices cannot be sustained. Also, 1INCH failed to reach the ATH level and was limited to just $0.14. According to the analyst, the closest support area is $4. This is the previous horizontal resistance area that is now supposed to act as support.

Altcoin Celer Network (CELR): -9.33%

CELR has been falling since Sept. 26, when it reached the ATH level of $0.198. On October 3, the parabolic broke from the ascending support line, indicating the end of the upward move. So far, it has hit as low as $0.107 on Nov. The price is trading inside a descending wedge, which is considered a bullish pattern. This means that a break from the pattern is more likely than a breakdown. If one occurs, the nearest area of ​​resistance is located at $0.15.

Dogecoin (DOGE) -8.80% in last place

cryptocoin.com DOGE price broke out of a descending resistance line on October 18 and returned to confirm as support on October 27 (green icon). The next day, it increased significantly, forming a large bullish candlestick. However, it has been moving downwards since then. The closest support level is around $0.22, formed by an ascending support line.

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