Crypto analyst Valdrin Tahiri says SXP, DOGE and INJ are among the best bullish cryptos to break resistance. According to the analyst, FXS bounced off a key support level, helping it gain market cap. The analyst says that despite the performance of these altcoins, investors should be mindful of the increase in profit purchases.
SXP leads altcoin projects that earn
The SXP (SXP) price is up 46.46% in the past week. SXP is one of the bull cryptos that has seen its price skyrocket since it broke out of a descending resistance line on March 29. The break led to a high of $0.94 on April 3. However, the price failed to break out of the $0.93 zone and was rejected instead. If the decline continues, SXP could find support at the 0.382 Fib retracement level at $0.66. On the other hand, if it breaks, the next closest resistance will be $1.40.
INJ approaches year high
Injective (INJ) price is up 21.24% in the past week. The altcoin price has increased rapidly since its low of $2.45 (green icon) on March 10. On April 2, the price broke out of an ascending resistance line. Later, it confirmed as support on April 6 (green icon). If the increase continues, the next resistance will be $6.50. However, if the rally loses momentum, the altcoin price could drop to the $4.40 horizontal support area.
This altcoin price broke out of resistance
cryptocoin.comAs you follow, Dogecoin (DOGE) price increased by 14.13% last week. Dogecoin is another of the best bullish cryptos of the week that saw its price break out of a descending resistance line on April 3. However, it was rejected by the 0.382 Fib retracement resistance level at $0.10. Currently DOGE is at the price confirming the previous resistance line as support. If successful, it will likely exit the $0.10 region. If so, it is likely to rise to the 0.618 Fib retracement level at $0.12. However, if DOGE price dips below the descending resistance line, it will likely drop to $0.07.
Frax Share (FXS) Price Jumps at Support
The price of Frax Share (FXS) has gained 13.98% in the past week. The altcoin price has rallied since it bounced off the $7.50 horizontal support area on March 10. After forming a higher low, it is now attempting to break out of the $10 resistance area. If this crypto explodes, FXS could rise to $12.80. However, if this crypto is rejected, there could be a drop to $7.50.
This altcoin is following the resistance line
Casper (CSPR) price rose 13.47% last week. Altcoin price has followed a descending resistance line since October 2022. The line caused numerous rejections, most recently on April 4 (red icon). A final break is expected as the resistors weaken each time they are tapped. If CSPR price breaks, it could rally to at least $0.50. However, if there is another rejection, CSPR could drop into the $0.34 support zone.
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