We take a look at the top 7 altcoin projects of the week from December 3 to December 10. Analyst Valdrin Tahiri accompanies us with his price predictions…
Here are the week’s redboard leaders
On October 31, QTUM tried to break out of the $14.10 sideways zone. It went up to $19.30 the next day. But then it started a gradual descent inside a descending channel. According to the analyst, if the price continues its upward momentum with support from the $8.7 band below, it may reach the $14.10 resistance.
On October 22, RUNE broke out of a descending resistance line. On November 2, it reached $17.27. Currently, it is hovering in the horizontal area at $7.15 inside the falling channel. According to the analyst, the falling line can be expected to act as a resistance once again.
FTM has been bearish since October 28, when it reached $3.48. It broke from an ascending support line on Dec. 3 and dropped as low as $1.14 the next day. It then formed a long bottom wick that was considered a sign of buying pressure.
ICP has been falling since Sept. 6, when it just reached $87. According to the analyst, if the ICP manages to hold or collapse above the below area (the 29.20 band), it will likely determine the direction of the future trend.
Altcoin THETA is down 28.36% this week
Broadcast-focused altcoin project THETA has been falling within a descending channel since Sept. A retracement of the middle of the lower channel at $5.50 would be a highly bullish development suggesting an eventual breakout is likely.
ONE has been falling since October 26, when it reached the ATH level of $0.38. On December 4, the bearish rate accelerated and broke out from both the $0.22 horizontal level and an ascending support line. Since the fall, ONE has confirmed the previous support line as resistance. Until this line is retracted, the trend cannot be considered bullish.
cryptocoin.com As we did not quote, CHZ has been falling since reaching $0.65 on October 31st. Despite the significant setback, the bullish structure still holds.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.