These 5 altcoin projects have left their mark on the crypto money market with their big rises throughout the week! Here are those altcoins…
These 5 altcoin projects attracted attention with the rises they experienced during the week of March 24-31!
cryptocoin.com As we mentioned, while the crypto money market has been on the rise during the day, altcoin projects that have been on the rise over the past week have remained somewhat calm. However, leading analysts pointed out that there may be a recent explosion while citing these 5 altcoin projects. These 5 altcoin projects are Ripple (XRP), Stellar (XLM), Conflux (CFX), Hedera (HBAR) and Flare (FLR).
Ripple (XRP) price broke from a descending resistance line on March 21 and hit a new annual high of $0.585 on March 29. This level was the highest price since September 2022. Currently, the price is attempting to confirm the $0.530 horizontal area as support. If successful, the price could rise to the next major resistance at $0.870. However, if the digital currency closes below $0.530, it could risk the entire bullish structure and cause the $0.425 support to drop.
Stellar (XLM) price has been on the rise since it bounced off an ascending support line on March 10. On March 28, it broke out of a horizontal resistance area of $0.095 and hit a new yearly high of $0.10 the next day. The $0.095 area is now expected to provide support. During this price action, the daily RSI also broke out of the bearish trend line. If the increase continues, the digital asset could move to the next resistance at $0.115. However, if the price closes below the $0.095 support area, it will invalidate the bullish structure and it could drop the ascending support line towards $0.080.
Conflux (CFX) price has been bullish since it confirmed the horizontal area at $0.330 on March 26 as support. The increase was as high as $0.443 on March 30. This is a lower high compared to the price on March 19. If the upside continues, CFX could rally as high as $0.600 created by the 1.61 external Fib retracement of the recent decline. However, if the rally loses momentum, CFX price could retest the $0.330 support area.
Hedera (HBAR) price has rallied within an ascending parallel channel since March 11. Such channels often contain corrective moves, which means that an eventual breakout is expected. On March 31, HBAR price was rejected by both the resistance line of the channel and the 0.382 Fib retracement level at $0.071. If a breakout from the channel occurs, the cryptocurrency could move from the $0.081 low to the 0.618 Fib retracement resistance. However, if the price declines, a drop towards $0.045 is likely.
FLR price has rallied since it dropped to $0.023 on March 15. The up move was as high as $0.044 on March 28. Despite the significant increase, the price failed to rise above the $0.043 resistance area. It is currently trying to find support above an ascending support line. If FLR bounces off, it could make another attempt to reach the $0.043 resistance area. However, if it breaks down, the FLR could decline to the 0.618 Fib retracement level from the $0.031 low.
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