Here are the Top Rising Altcoins of the Week! AGIX is also on the List!

This week, five altcoins caught everyone’s attention, including AGIX, which had the highest increase between May 19-26. So, what are these altcoins? Here is the list of prominent coins on a weekly basis and analyst Valdrin Tahiri’s analysis of these coins…

Render Token (RNDR) price leads to rising coins

The price of RNDR, which has increased by 15 percent this week, has moved up since the beginning of the year. After a low of $1.62 on May 11, it bounced back and accelerated its uptrend. This led to a new year high of $2.95 on May 21. After a short decline, the price started to rise again. According to the wave count in Elliot Wave theory, the price could reach as high as $3.33 before falling.

Technical analysts use Elliott Wave theory to determine trend direction by examining recurring long-term price patterns and investor psychology. The target is found by giving the fifth wave the same length as the sum of the first and third waves. Despite this bullish price prediction, a drop below the local low of $2.25 would mean the trend is bearish. In this case, a drop to $1.70 would be the most likely scenario.

Kava (KAVA) tries to break through price resistance

cryptocoin.com As we reported, KAVA price has increased rapidly since the low of $0.66 on May 8. The upward move gained momentum on May 23 and hit $1.55 on the same day, resulting in a break from the $1.10 resistance area. However, the increase could not be sustained and the price returned to the $1.10 horizontal area. Looks like it has been verified as support. According to the analyst, the fall or bounce of KAVA could determine the future trend. In the event of a collapse, KAVA could drop to the nearest support zone at $0.75. However, if the price bounces, it could test the $1.50 highs once again.

TRON (TRX) overcame great resistance

The price of TRX, which rose 9 percent in seven days, has been increasing since March 11. While the price initially struggled to surpass the $0.071 level, it finally did so on May 20. This led to a new annual high of $0.080 on May 23. TRON price is currently trading in the middle of the $0.071-0.088 range. If the rally loses momentum, TRX could drop to the $0.071 zone. However, if the upside continues, the price could rise to the next resistance at $0.087.

SingularityNET (AGIX) ranks in support levels

On the other hand, AGIX price, which has risen 6 percent this week, has fallen within a descending parallel channel since February 8. The descending parallel channel is considered a corrective pattern. Therefore, a breakout of the channel is the most likely scenario. On May 12, the price bounced off at the confluence of the support levels formed by the support line of the channel and the $0.23 support area. If the price breaks out of the channel, it could rally to the next resistance at $0.57. However, there are chances of a breakout from the $0.23 area and the channel. If this happens, there will be a drop in the cards towards the $0.16 support area for AGIX.

IOTA, after SingularityNET (AGIX), is the fifth highest rising coin

Finally, the IOTA price, which has risen 5.45 percent this week, has increased since May 22. On the same day, it retraced the horizontal area of ​​$0.18, which is currently expected to provide support. If the increase continues, the next closest resistance will be $0.205. However, if the rally loses momentum, IOTA could drop back to the $0.18 support area.

Contact us to be instantly informed about the last minute developments. twitterin, Facebookin and InstagramFollow and Telegram And YouTube join our channel!

Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. Therefore, 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, assets or services in this article.

Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.

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.

Show Disclaimer


source site-1