Top 5 altcoin winners last week, September 12th to September 19th

Bitcoin Magazine will analyze last week’s top 5 altcoin winners to see if their momentum can continue or not?

Last week’s five biggest altcoin winners were:

  1. Cosmos (ATOM): 28.65%
  2. Audius (AUDIO): 25.40%
  3. Avalanche (AVAX): 23.06%
  4. Curve DAO Token (CRV): 17.47%
  5. Thread (REN): 14.35%

ATOM

Since June 20th, ATOM has been moving upwards along with the parabolic ascending support line. On September 20, it hit a new all-time high of $ 44.80.

It is likely that ATOM is in the fifth and final wave of an uptrend. The high was reached at the confluence of Fib resistance levels between $ 45.70 and $ 47.22. This zone is created by the 1.61 length of waves 1-3 (orange) and the external fib retracement level of 1.61 (black).

Hence, the ATOM may have peaked locally.

5-altcoin-tang

ATOM / USDT daily chart | Source: TradingView

TOP

REN has been increasing since July 20th. After initially battling the $ 0.64 resistance area, it broke out on August 31st.

REN returned to confirm the $ 0.64 area as support twice on Sept 7th and 13th (green symbol) before resuming its bullish move.

The next resistance is at $ 1.22. This is the 0.618 fib retracement resistance. A break above this zone could trigger a sharp move higher towards new all-time highs.

However, REN appears to be falling to the USD 0.64 support again.

5-altcoin-tang

Daily REN / USDT Chart | Source: TradingView

AUDIO

AUDIO has been down since Aug 17th after hitting a high of $ 4.07. It was rejected from the resistance area of ​​$ 4.05 creating a long wick (red symbol) above it.

After AUDIO hit a low of $ 1.81 on September 7th, AUDIO rebounded, breaking the descending resistance line.

The breakout was supported by a rise in the MACD and RSI.

Therefore, if AUDIO holds above the $ 2.45 support area, it may initiate another upward move towards $ 4.

5-altcoin-tang

AUDIO / USDT daily chart | Source: TradingView

AVAX

On August 24, AVAX fell after hitting a high of $ 58.98. That move resulted in a low of $ 32.23 on September 7th.

However, AVAX rose after reaching the support and managed to break above the $ 50 resistance area on September 11th. This resulted in a new all-time high of $ 76.27 that day.

The high was taken right at 1.61 external fib retracement resistance when the recent decline was measured. This is the area that is likely to act as a peak.

In addition, both the RSI and the MACD create bearish divergences. Therefore, AVAX could fall back into the $ 50 zone.

5-altcoin-tang

AVAX / USDT daily chart | Source: TradingView

CRV

The CRV has risen since July 27th when it broke above the descending resistance line.

It initially struggled to break above the USD 2.45 resistance area but succeeded on September 14th.

The price then peaked at $ 3.44 on September 16 before falling.

Currently, CRV is trying to confirm the USD 2.40 zone as support. This can help the price rally and move towards the $ 3.65 resistance area.

The MACD is in positive territory and the RSI is above 50, which shows that the trend is still up.

5-altcoin-tang

Daily CRV / USDT Chart | Source: TradingView

You can see the coin prices here.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Beincrypto

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Top 5 altcoin winners last week, September 12th to September 19th

Bitcoin Magazine will analyze last week’s top 5 altcoin winners to see if their momentum can continue or not?

Last week’s five biggest altcoin winners were:

  1. Cosmos (ATOM): 28.65%
  2. Audius (AUDIO): 25.40%
  3. Avalanche (AVAX): 23.06%
  4. Curve DAO Token (CRV): 17.47%
  5. Thread (REN): 14.35%

ATOM

Since June 20th, ATOM has been moving upwards along with the parabolic ascending support line. On September 20, it hit a new all-time high of $ 44.80.

It is likely that ATOM is in the fifth and final wave of an uptrend. The high was reached at the confluence of Fib resistance levels between $ 45.70 and $ 47.22. This zone is created by the 1.61 length of waves 1-3 (orange) and the external fib retracement level of 1.61 (black).

Hence, the ATOM may have peaked locally.

5-altcoin-tang

ATOM / USDT daily chart | Source: TradingView

TOP

REN has been increasing since July 20th. After initially battling the $ 0.64 resistance area, it broke out on August 31st.

REN returned to confirm the $ 0.64 area as support twice on Sept 7th and 13th (green symbol) before resuming its bullish move.

The next resistance is at $ 1.22. This is the 0.618 fib retracement resistance. A break above this zone could trigger a sharp move higher towards new all-time highs.

However, REN appears to be falling to the USD 0.64 support again.

5-altcoin-tang

Daily REN / USDT Chart | Source: TradingView

AUDIO

AUDIO has been down since Aug 17th after hitting a high of $ 4.07. It was rejected from the resistance area of ​​$ 4.05 creating a long wick (red symbol) above it.

After AUDIO hit a low of $ 1.81 on September 7th, AUDIO rebounded, breaking the descending resistance line.

The breakout was supported by a rise in the MACD and RSI.

Therefore, if AUDIO holds above the $ 2.45 support area, it may initiate another upward move towards $ 4.

5-altcoin-tang

AUDIO / USDT daily chart | Source: TradingView

AVAX

On August 24, AVAX fell after hitting a high of $ 58.98. That move resulted in a low of $ 32.23 on September 7th.

However, AVAX rose after reaching the support and managed to break above the $ 50 resistance area on September 11th. This resulted in a new all-time high of $ 76.27 that day.

The high was taken right at 1.61 external fib retracement resistance when the recent decline was measured. This is the area that is likely to act as a peak.

In addition, both the RSI and the MACD create bearish divergences. Therefore, AVAX could fall back into the $ 50 zone.

5-altcoin-tang

AVAX / USDT daily chart | Source: TradingView

CRV

The CRV has risen since July 27th when it broke above the descending resistance line.

It initially struggled to break above the USD 2.45 resistance area but succeeded on September 14th.

The price then peaked at $ 3.44 on September 16 before falling.

Currently, CRV is trying to confirm the USD 2.40 zone as support. This can help the price rally and move towards the $ 3.65 resistance area.

The MACD is in positive territory and the RSI is above 50, which shows that the trend is still up.

5-altcoin-tang

Daily CRV / USDT Chart | Source: TradingView

You can see the coin prices here.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Beincrypto

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

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