In this week’s crypto market, especially from April 7-14, the top five altcoins, including Injective (INJ), were the top five. Bullish cryptocurrencies have stolen the crypto news and the cryptocurrency market spotlight this week. Here are the crypto currencies that are the most rising and need attention, and the analysis of analyst Valdrin Tahiri for these coins…
Injective before SOL: Woo Network (WOO) leads the top lifters
WOO price has increased since April 9th. The coin experienced a 32 percent increase. The cryptocurrency price broke out of the horizontal resistance area of $0.26 on April 14, forming a major bullish candle. If the uptrend continues, the next resistance will be $0.39, a 38 percent increase from the current price. The upside move is supported by the daily RSI that climbs above 50. However, if the rally loses momentum, the WOO could return to the $0.26 support level.
Arbitrum (ARB) price approaches record
On the other hand, ARB price, which is up 27 percent on a weekly basis, broke out of the $1.27 resistance area on April 13 and hit a high of $1.59 the next day. This is very close to the all-time high price. If the increase continues, the ARB could move to the $1.66 Fib retracement level. This marks an all-time high. However, if the rally loses momentum, the asset could drop to the $1.43 support.
Render Token (RNDR) price broke out of resistance
Rising 26 percent on a weekly basis, RNDR price broke out of a descending resistance line on April 10. The breakout was also coupled with an RSI move above 50. The rising crypto reached $1.70 two days later. Currently, the price is trading below the $1.70 side and the Fib resistance area. If RNDR breaks, it could move towards the next resistance at $2.15. However, if it is rejected, it could see a decline towards the $1.10 resistance line.
Solana (SOL) price approaches resistance level
The price of SOL, which has risen 23 percent this week, has increased since March 10. It formed a higher low on April 9 before accelerating the rate of increase. The price is currently approaching the $26 resistance area. If it breaks, the next resistance will be $36. However, if the price is rejected, it could drop to the $20 support level.
Injective (INJ) exceeded resistance
Finally, cryptocoin.com As we reported, Injective (INJ) price, which has risen 19 percent this week, has increased since it broke the rising resistance line and confirmed it as support on April 6. The increase then accelerated and the price broke the resistance zone at $6.50 on April 12. If the upside continues, the next resistance will be at $9.80. However, if the price drops, a retest of $6.50 is possible.
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