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

These five altcoins are:

• NEM (SEE): 21.83%
• Raven Coin (RVN): 7.66%
• Hedera hash graph (HBAR): 4.73%
• UNUS SED LEO (LEO): 1.93%
• Revain (REV): 1.58%

SEE

SEE has risen since June 22nd after falling as low as $ 0.0852. The uptrend continued until it hit a high of $ 0.17 on July 17th.

During the upside move, XEM also broke a descending resistance line.

However, the above mentioned high was hit right at the 0.5 fib retracement resistance at $ 0.167, suggesting a rejection.

If SEE manages to overcome this resistance, it will likely rise to the next resistance at USD 0.24.

SEE / USDT 6-hour chart | Source: TradingView

RVN

The RVN has been declining along with a descending resistance line since May 20. On June 22nd, it continued to hit a low of $ 0.040.

However, the REV has risen since then. On July 16, it broke the descending resistance line, peaking at $ 0.065 before falling.

The main resistance area is at $ 0.083. That target is the 0.618 fib retracement resistance and the horizontal resistance range.

RVN / USDT 6-hour chart | Source: TradingView

HBAR

Since March 15, HBAR has been sinking in a descending parallel channel. It emerged after touching the channel’s support line on June 22nd. The rally also confirmed the USD 0.15 area as support.

Although the stochastic oscillator produced a bearish cross, there is still a bullish divergence in both the RSI and the MACD, suggesting a rally is expected.

HBAR needs to reclaim the centerline of the channel to confirm the possibility of a breakout.

Daily HBAR / USDT Chart | Source: TradingView

CLIMB

LEO has risen since it hit a low of $ 2.06 on June 27.

Currently, LEO is trading at the 0.5 fib retracement resistance at $ 2.96. This level is also the confluence of the horizontal area of ​​resistance and the resistance line of the ascending parallel channel.

Because of the convergence of resistance levels, a rejection is the most likely scenario.

LEO / USDT daily chart | Source: TradingView

REV

REV hit an all-time low of $ 0.005 on June 22nd and rebounded, creating a long wick on the order of 64% below.

It has fallen slightly since then and is currently trading near $ 0.007.

Price action looks extremely unusual and the key resistance is at $ 0.013.

Daily REV / USDT Chart | Source: TradingView

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

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