cryptocoin.com We have compiled the most profitable altcoin projects of the week. In the list, you can find the recent price movements and technical levels of the projects. We start with ROSE with a weekly performance of 85.68%…
- Oasis Network (ROSE): 85.68%
- Phantom (FTM): 85.29%
- Quant (QNT): 70.47%
- Algorand (ALGO): 69.81%
- IOST (IOST): 58.74%
- Harmony (ONE): 44.13%
- NEAR Protocol (NEAR): 42.82%
Oasis Network (ROSE) ranks first with 85.68%
ROSE has been rising since July 20. The rate of increase accelerated on August 6 and hit an all-time high of $0.365 on September 7. However, it formed a long upper wick on its chart and has been falling ever since. Despite the drop, the technical indicators are still bullish as both the RSI and the MACD are up. The next resistance area is located at $0.58, which is the 2.61 external Fib retracement resistance level.
Altcoin Phantom (FTM) targets these levels
FTM has been increasing at an accelerated rate since August 27. It broke out of the $0.90 resistance area on Sept. On September 9, it reached an all-time high of $1.94. However, it formed a long upper wick and has been moving downward ever since. The main resistance area is at $2.25, the external Fib retracement level of 2.61 while measuring the previous downside move. The $1.61 level at $1.45 is likely to act as support.
Altcoin Quant (QNT) grew 70.47%
QNT has been increasing at an accelerating rate since July 20. The rate of increase slowed at the end of August, but continued its upward movement on September 4. Two days later, QNT reached its all-time high of $385. However, it fell on the same day and formed a long daily candle. The rate of increase has become fully parabolic as seen on the parabolic ascending support line. Also, the QNT reached the external Fib retracement level of 4.61, which generally acts as the top for the upward move.
Algorand (ALGO) ranks fourth with 69.8%
ALGO has been rising since coming out of a descending wedge on Aug. The rate of increase accelerated on Sept. 5 after a sharp drop to $1.01. So far, ALGO has made it to $2.49 on Sept. 10. This was a 143% increase in just two days. The high was made at the 1.61 external Fib retracement resistance level. Although ALGO price is rejected and a long upper wick is formed, both MACD and RSI are still rising.
IOST (IOST) is facing these resistances
IOST has been moving up since breaking out of an ascending parallel channel on August 10 and confirming as support on August 17. Then, it broke out of the $0.046 resistance area on September 3. After confirming this as support on September 7 and forming a very long low wick, IOST started another significant upward move and reached $0.086 two days later. It is currently facing resistance at the $0.083 resistance area. If it goes above that, it will reach its all-time high and go into exploration mode. Both RSI and MACD are still rising.
Altcoin Harmony (ONE) grew 44.13%
On August 30, ONE broke out of a descending resistance line. On September 7, $0.118 returned to confirm as support alongside the horizontal support area at $0.118. This created a long bottom wick. Since then, it has been moving upwards. Technical indicators MACD and RSI are increasing, supporting the continuation of the upward move. The ONE was rejected by the $0.21 resistance area just before hitting its all-time high.
In seventh place is NEAR Protocol (NEAR)
NEAR has been rising with a parabolic ascending support line since July 20. The rate of increase accelerated greatly on September 7 and reached an all-time high of $11.88 on September 9. However, after forming a bearish divergence in both the RSI and MACD, it fell sharply. Despite the drop, the bullish structure remains intact as long as the parabolic support line is not broken. It currently coincides with the horizontal support area of $7.40.
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