We take a look at the top performing altcoin projects for the week of November 12-19…
Altcoin WAXP in first place: 67.30%
WAXP has been moving upwards at an accelerated rate since Nov. The closest support area is $0.72, according to analyst Valdrin Tahiri. This level is formed by an ascending support line since October 28. On the other hand, the next resistance is at $1.28.
SAND : 62.80%
Sandbox (SAND) has been rising since November 16. If it can continue, the next resistance will be the $2.61 non-Fib retracement level at $5.76.
Crypto.com Coin (CRO)
Altcoin AVAX: 28.60%
AVAX has been moving upwards since October 12, when it confirmed the horizontal area of $57 as support (green icon). On November 18, it reached its ATH price of $110. The next resistance area is $125, according to the analyst. This is the 2.61 external Fib retracement resistance level.
Decentraland (MANA)
MANA has been rising since November 16, when it bounced around the $2.82 horizontal support area. There is less upside resistance for MANA as the ATH level of $4.94 leaves only a wick in place.
Altcoin IOTX: 16.45%
IOTX has been falling with a descending resistance line since November 4, when it hit an all-time high of $0.49. However, the resistances weaken each time it is touched, and therefore, a final break from this line could be seen.
Enjin Coin (ENJ): 6.73%
ENJ has been moving upwards since breaking out of an ascending parallel channel on November 1 (green icon). If the downward move continues, the resistance line of the channel is expected to act as support once again.
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